PENN Entertainment Inc [PENN] stock is trading at $16.24, up 3.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PENN shares have gain 8.27% over the last week, with a monthly amount drifted -4.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PENN Entertainment Inc [NASDAQ: PENN] stock has seen the most recent analyst activity on April 23, 2024, when Truist upgraded its rating to a Buy but kept the price target unchanged to $23 for it. On March 26, 2024, Mizuho initiated with a Buy rating and assigned a price target of $29 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $30 on November 20, 2023. CapitalOne initiated its recommendation with a Equal Weight and recommended $25 as its price target on October 12, 2023. Truist downgraded its rating to Hold for this stock on August 10, 2023, and downed its price target to $30. In a note dated August 10, 2023, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $56 to $30.
PENN Entertainment Inc [PENN] stock has fluctuated between $13.50 and $29.38 over the past year. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $16.24 at the most recent close of the market. An investor can expect a potential return of 189.41% based on the average PENN price forecast.
Analyzing the PENN fundamentals
PENN Entertainment Inc [NASDAQ:PENN] reported sales of 6.30B for the trailing twelve months, which represents a drop of -3.97%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.32 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.03.
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 16.00 points at the first support level, and at 15.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.56, and for the 2nd resistance point, it is at 16.87.
PENN Entertainment Inc [PENN] reported earnings per share of -$0.76 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.59/share, meaning a difference of -$0.17 and a surprise factor of -28.80%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were -$2.37 per share as compared to estimates of -$0.51 per share, a difference of -$1.86 representing a surprise of -364.70%.
Ratios To Look Out For
For context, PENN Entertainment Inc’s Current Ratio is 1.04. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 0.80.
Transactions by insiders
Recent insider trading involved HANDLER DAVID A, Director, that happened on May 07 ’24 when 20000.0 shares were purchased. Director, HANDLER DAVID A completed a deal on May 06 ’24 to buy 20000.0 shares. Meanwhile, EVP and CFO Hendrix Felicia bought 16157.0 shares on May 06 ’24.
