The stock of PENN Entertainment Inc (PENN) has gone down by -3.80% for the week, with a -12.24% drop in the past month and a -28.20% drop in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are 3.63% for PENN. The simple moving average for the last 20 days is -5.35% for PENN’s stock, with a simple moving average of -25.76% for the last 200 days.
Is It Worth Investing in PENN Entertainment Inc (NASDAQ: PENN) Right Now?
Additionally, the 36-month beta value for PENN is 2.07. 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 currently, short sellers hold a 19.01% ratio of that float. The average trading volume of PENN on April 15, 2024 was 5.62M shares.
PENN) stock’s latest price update
PENN Entertainment Inc (NASDAQ: PENN)’s stock price has gone decline by -1.24 in comparison to its previous close of 16.91, however, the company has experienced a -3.80% decrease in its stock price over the last five trading days. CNBC Television reported 2024-04-09 that CNBC’s Contessa Brewer reports on the stocks set to benefit from March Madness.
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 -11.23% 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 -47.20% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares sank -8.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.94% lower at present.
During the last 5 trading sessions, PENN fell by -3.80%, which changed the moving average for the period of 200-days by -30.91% in comparison to the 20-day moving average, which settled at $17.57. In addition, PENN Entertainment Inc saw -35.82% 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 0.67. 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 conclusion, PENN Entertainment Inc (PENN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
