In the past week, PENN stock has gone up by 10.13%, with a monthly gain of 7.45% and a quarterly surge of 4.46%. The volatility ratio for the week is 5.00%, and the volatility levels for the last 30 days are 3.88% for PENN Entertainment Inc. The simple moving average for the past 20 days is 5.53% for PENN’s stock, with a 1.55% simple moving average for the past 200 days.
Is It Worth Investing in PENN Entertainment Inc (NASDAQ: PENN) Right Now?
The 36-month beta value for PENN is at 2.10. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for PENN is 150.86M, and currently, shorts hold a 13.99% of that float. The average trading volume for PENN on September 16, 2024 was 4.79M shares.
PENN) stock’s latest price update
The stock price of PENN Entertainment Inc (NASDAQ: PENN) has jumped by 8.39 compared to previous close of 18.36. Despite this, the company has seen a gain of 10.13% in its stock price over the last five trading days. cnbc.com reported 2024-09-13 that Two U.S. lawmakers have introduced a bill to address sports betting at the federal level. The proposed legislation would focus on affordability, advertising and artificial intelligence.
Analysts’ Opinion of PENN
Craig Hallum, on the other hand, stated in their research note that they expect to see PENN reach a price target of $30. The rating they have provided for PENN stocks is “Buy” according to the report published on June 21st, 2024.
Raymond James gave a rating of “Outperform” to PENN, setting the target price at $20 in the report published on May 21st of the current year.
PENN Trading at 4.99% 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 -26.85% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 5.00%, as shares surge +3.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.19% upper at present.
During the last 5 trading sessions, PENN rose by +10.13%, which changed the moving average for the period of 200-days by -24.42% in comparison to the 20-day moving average, which settled at $18.89. In addition, PENN Entertainment Inc saw -23.52% 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 HANDLER DAVID A, who purchase 10,000 shares at the price of $17.51 back on Sep 10 ’24. After this action, HANDLER DAVID A now owns 293,450 shares of PENN Entertainment Inc, valued at $175,100 using the latest closing price.
DHANDA ANUJ, the Director of PENN Entertainment Inc, purchase 15,000 shares at $18.40 during a trade that took place back on Sep 06 ’24, which means that DHANDA ANUJ is holding 31,523 shares at $276,000 based on the most recent closing price.
Stock Fundamentals for PENN
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.27 for the gross margin
The net margin for PENN Entertainment Inc stands at -0.19. The total capital return value is set at -0.06. Equity return is now at value -33.70, with -7.52 for asset returns.
Based on PENN Entertainment Inc (PENN), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is -1.9.
Currently, EBITDA for the company is 798.7 million with net debt to EBITDA at 22.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.16. The receivables turnover for the company is 24.95for 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 1.03.
Conclusion
In conclusion, PENN Entertainment Inc (PENN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
