The stock price of PENN Entertainment Inc (NASDAQ: PENN) has plunged by -2.15 when compared to previous closing price of 20.46, but the company has seen a 4.33% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-14 that PENN is set to benefit from the partnership with Monumental Sports & Entertainment, especially underscoring the footprint expansion initiative.
Is It Worth Investing in PENN Entertainment Inc (NASDAQ: PENN) Right Now?
The 36-month beta value for PENN is also noteworthy at 2.09. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for PENN is 150.47M, and at present, short sellers hold a 10.85% of that float. The average trading volume of PENN on January 20, 2025 was 3.51M shares.
PENN’s Market Performance
The stock of PENN Entertainment Inc (PENN) has seen a 4.33% increase in the past week, with a 0.96% rise in the past month, and a 6.83% gain in the past quarter. The volatility ratio for the week is 6.20%, and the volatility levels for the past 30 days are at 5.56% for PENN. The simple moving average for the past 20 days is 4.64% for PENN’s stock, with a 7.46% simple moving average for the past 200 days.
Analysts’ Opinion of PENN
Many brokerage firms have already submitted their reports for PENN stocks, with JP Morgan repeating the rating for PENN by listing it as a “Overweight.” The predicted price for PENN in the upcoming period, according to JP Morgan is $27 based on the research report published on December 13, 2024 of the previous year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PENN reach a price target of $22. The rating they have provided for PENN stocks is “Neutral” according to the report published on November 13th, 2024.
PENN Trading at 0.31% 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 -18.52% of loss for the given period.
Volatility was left at 5.56%, however, over the last 30 days, the volatility rate increased by 6.20%, as shares surge +4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.04% upper at present.
During the last 5 trading sessions, PENN rose by +4.33%, which changed the moving average for the period of 200-days by +13.75% in comparison to the 20-day moving average, which settled at $19.13. In addition, PENN Entertainment Inc saw 1.01% in overturn over a single year, with a tendency to cut further gains.
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 0.01. The debt to equity ratio resting at 3.69. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is 400.2 million with net debt to EBITDA at 33.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.15. 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
In summary, PENN Entertainment Inc (PENN) has had a better performance as of late. Analysts have bullish 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.
