The 36-month beta value for PENN is also noteworthy at 2.06. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for PENN is 150.89M, and at present, short sellers hold a 17.25% of that float. The average trading volume of PENN on April 02, 2024 was 5.73M shares.
PENN) stock’s latest price update
The stock of PENN Entertainment Inc (NASDAQ: PENN) has increased by 0.33 when compared to last closing price of 18.21. Despite this, the company has experienced a 5.73% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-03-27 that CNBC’s Contessa Brewer joins ‘Squawk Box’ to report on the latest news from the nation’s largest gaming companies.
PENN’s Market Performance
PENN’s stock has risen by 5.73% in the past week, with a monthly drop of -0.16% and a quarterly drop of -31.32%. The volatility ratio for the week is 3.94% while the volatility levels for the last 30 days are 3.90% for PENN Entertainment Inc The simple moving average for the past 20 days is 1.39% for PENN’s stock, with a -19.93% simple moving average for the past 200 days.
Analysts’ Opinion of PENN
Many brokerage firms have already submitted their reports for PENN stocks, with Mizuho repeating the rating for PENN by listing it as a “Buy.” The predicted price for PENN in the upcoming period, according to Mizuho is $29 based on the research report published on March 26, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PENN reach a price target of $30, previously predicting the price at $27. The rating they have provided for PENN stocks is “Buy” according to the report published on November 20th, 2023.
CapitalOne gave a rating of “Equal Weight” to PENN, setting the target price at $25 in the report published on October 12th of the previous year.
PENN Trading at -8.10% from the 50-Day Moving Average
After a stumble in the market that brought PENN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.24% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.98% lower at present.
During the last 5 trading sessions, PENN rose by +5.73%, which changed the moving average for the period of 200-days by -31.44% in comparison to the 20-day moving average, which settled at $18.01. In addition, PENN Entertainment Inc saw -29.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PENN starting from Rogers Christopher Byron, who sale 5,017 shares at the price of $25.23 back on Jan 03 ’24. After this action, Rogers Christopher Byron now owns 30,214 shares of PENN Entertainment Inc, valued at $126,579 using the latest closing price.
Snowden Jay A, the President and CEO of PENN Entertainment Inc, sale 172,930 shares at $25.25 during a trade that took place back on Dec 26 ’23, which means that Snowden Jay A is holding 689,072 shares at $4,366,482 based on the most recent closing price.
Stock Fundamentals for PENN
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.35 for the gross margin
The net margin for PENN Entertainment Inc stands at -0.08. The total capital return value is set at -0.04. Equity return is now at value -14.41, with -2.52 for asset returns.
Based on PENN Entertainment Inc (PENN), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -1.2.
Currently, EBITDA for the company is 798.7 million with net debt to EBITDA at 1.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 19.95for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In summary, PENN Entertainment Inc (PENN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
