The stock of PENN Entertainment Inc (PENN) has gone up by 17.45% for the week, with a 16.56% rise in the past month and a 16.31% rise in the past quarter. The volatility ratio for the week is 5.07%, and the volatility levels for the past 30 days are 3.99% for PENN. The simple moving average for the last 20 days is 10.06% for PENN stock, with a simple moving average of 16.75% for the last 200 days.
Is It Worth Investing in PENN Entertainment Inc (NASDAQ: PENN) Right Now?
The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for PENN is 150.90M, and at present, short sellers hold a 13.18% of that float. On November 13, 2024, the average trading volume of PENN was 3.05M shares.
PENN) stock’s latest price update
PENN Entertainment Inc (NASDAQ: PENN) has seen a rise in its stock price by 5.28 in relation to its previous close of 20.46. However, the company has experienced a 17.45% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-11-08 that PENN Entertainment PENN analysts highlight the ESPN Bet and Interactive segment as items to watch after the company missed third-quarter estimates for revenue and earnings per share.
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 12.63% 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 -20.82% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares surge +16.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.09% upper at present.
During the last 5 trading sessions, PENN rose by +17.45%, which changed the moving average for the period of 200-days by -8.03% in comparison to the 20-day moving average, which settled at $19.57. In addition, PENN Entertainment Inc saw -17.22% 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:
- -0.01 for the present operating margin
- 0.29 for the gross margin
The net margin for PENN Entertainment Inc stands at -0.09. The total capital return value is set at -0.0. Equity return is now at value -16.38, with -3.39 for asset returns.
Based on PENN Entertainment Inc (PENN), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 3.68. The interest coverage ratio of the stock is -0.2.
Currently, EBITDA for the company is 798.7 million with net debt to EBITDA at 63.5. When we switch over and look at the enterprise to sales, we see a ratio of 2.18. The receivables turnover for the company is 26.3for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
To sum up, PENN Entertainment Inc (PENN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
