Monthly Drifts in PENN Entertainment Inc. (PENN) Stock: A Closer Look

Currently, PENN Entertainment Inc. [PENN] is trading at $23.41, down -0.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The PENN shares have gain 7.88% over the last week, with a monthly amount glided 2.54%, and seem to be holding up well over a long-time horizon.

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On 5, September 2023, PENN Entertainment to Participate in the Bank of America Securities 2023 Gaming and Lodging Conference on September 7. In a post published today on Yahoo Finance, PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) announced today that the Company’s Chief Executive Officer and President, Jay Snowden, and Executive Vice President, Chief Financial Officer, Felicia Hendrix, will participate in a fireside chat at the Bank of America Securities 2023 Gaming and Lodging Conference on Thursday, September 7, 2023 at 9:20 a.m. ET. The Company’s management will also host meetings with institutional investors at the conference.

From an analyst’s perspective:

PENN Entertainment Inc. [NASDAQ: PENN] stock has seen the most recent analyst activity on August 10, 2023, when Truist downgraded its rating to a Hold and also revised its price target to $30 from $33.

This stock has fluctuated between a low of $21.32 and a high of $39.35 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $32.81 within the next 12 months. PENN Entertainment Inc. [NASDAQ: PENN] shares were valued at $23.41 at the most recent close of the market. An investor can expect a potential return of 40.15% based on the average PENN price forecast.

Analyzing the PENN fundamentals

Recent quarter sales for PENN Entertainment Inc. [NASDAQ:PENN] were 1.68 billion which represents 2.90% growth. The company generates $292,649 in revenue per employee, while its income per employee is $10,153. Gross Margin for this corporation currently stands at +34.41% with Operating Margin at +17.07%, Pretax Margin comes in at +2.74%, and Net Margin reading is +3.47%. To continue investigating profitability, this company’s Return on Assets is posted at 1.12, Equity is 5.77, Total Capital is 6.79, and Invested Capital is 1.41. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 78.20 and enduring liabilities to the whole assets at 63.53.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.11 points at the first support level, and at 22.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.62, and for the 2nd resistance point, it is at 23.82.

PENN Entertainment Inc. [PENN] reported earnings per share of $0.48 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.42/share, meaning a difference of $0.06 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $3.05 per share as compared to estimates of $0.37 per share, a difference of $2.68 representing a surprise of 724.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PENN Entertainment Inc. [NASDAQ:PENN] is 1.40. On the other hand, the Quick Ratio is 1.74, and the Cash Ratio is 1.42. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.27 and the P/E (TTM) ratio is 5.39.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 2 insider purchases totaling 20,000 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Hendrix Felicia, EVP and CFO, that happened on Sep 06 when 11162.0 shares were purchased. Director, HANDLER DAVID A completed a deal on Aug 23 to buy 19562.0 shares. Meanwhile, Director HANDLER DAVID A bought 438.0 shares on Aug 22.