Currently, PENN Entertainment Inc [PENN] is trading at $16.04, down -2.25%. 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 0.88% over the last week, with a monthly amount drifted -7.97%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
PENN Entertainment Inc [NASDAQ: PENN] stock has seen the most recent analyst activity on May 21, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $20. Previously, BofA Securities downgraded its rating to Neutral on May 13, 2024, and dropped its price target to $17.50. On April 23, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $23 on the stock. The Benchmark Company started tracking the stock assigning a Hold rating. Mizuho initiated its recommendation with a Buy and recommended $29 as its price target on March 26, 2024. BofA Securities upgraded its rating to Buy for this stock on November 20, 2023, and upped its price target to $30. In a note dated October 12, 2023, CapitalOne initiated an Equal Weight rating and provided a target price of $25 on this stock.
This stock has fluctuated between a low of $13.50 and a high of $29.38 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $46.65 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $16.04 at the most recent close of the market. An investor can expect a potential return of 190.84% based on the average PENN price forecast.
Analyzing the PENN fundamentals
Trailing Twelve Months sales for PENN Entertainment Inc [NASDAQ:PENN] were 6.30B which represents -3.97% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.03.
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 15.74 points at the first support level, and at 15.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.50, and for the 2nd resistance point, it is at 16.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PENN Entertainment Inc [NASDAQ:PENN] 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 0.79.
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.
