PENN Entertainment Inc [PENN] stock is trading at $16.93, up 2.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PENN shares have gain 3.99% over the last week, with a monthly amount drifted -3.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Mizuho started tracking the stock with Buy rating on March 26, 2024, and set its price target to $29. On November 20, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $30 on the stock. CapitalOne started tracking the stock assigning a Equal Weight rating and suggested a price target of $25 on October 12, 2023. Truist downgraded its rating to a Hold and reduced its price target to $30 on August 10, 2023. Craig Hallum downgraded its rating to Hold for this stock on August 10, 2023, and downed its price target to $30. In a note dated May 02, 2023, ROTH MKM upgraded an Buy rating on this stock and boosted its target price from $35 to $40.
PENN Entertainment Inc [PENN] stock has fluctuated between $15.88 and $31.63 over the past year. Currently, Wall Street analysts expect the stock to reach $55.5 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $16.93 at the most recent close of the market. An investor can expect a potential return of 227.82% based on the average PENN price forecast.
Analyzing the PENN fundamentals
PENN Entertainment Inc [NASDAQ:PENN] reported sales of 6.36B for the trailing twelve months, which represents a drop of -12.00%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.13 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
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 16.42 points at the first support level, and at 15.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.26, and for the 2nd resistance point, it is at 17.58.
PENN Entertainment Inc [PENN] reported earnings per share of -$2.37 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.51/share, meaning a difference of $-1.86 and a surprise factor of -364.70%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$4.8 per share as compared to estimates of $0.36 per share, a difference of $-5.16 representing a surprise of -1,433.30%.
Ratios To Look Out For
For context, PENN Entertainment Inc’s Current Ratio is 1.11. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.80.
Transactions by insiders
Recent insider trading involved Rogers Christopher Byron, EVP and Chief Strategy Officer, that happened on Jan 03 ’24 when 5017.0 shares were sold. President and CEO, Snowden Jay A completed a deal on Dec 26 ’23 to sell 0.17 million shares. Meanwhile, Director SCACCETTI JANE bought 4400.0 shares on Nov 06 ’23.
