PENN Entertainment Inc [PENN] stock prices are up 2.61% to $18.88 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PENN shares have gain 2.00% over the last week, with a monthly amount drifted -3.23%, 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 June 25, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Craig Hallum upgraded its rating to Buy on June 21, 2024, and kept the price target unchanged to $30. On May 21, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $20 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $17.50 on May 13, 2024. Truist upgraded its rating to a Buy but $23 remained the price target by the analyst firm on April 23, 2024. In a note dated March 26, 2024, Mizuho initiated an Buy rating and provided a target price of $29 on this stock.
The stock price of PENN Entertainment Inc [PENN] has been fluctuating between $13.50 and $27.20 over the past year. Currently, Wall Street analysts expect the stock to reach $40.68 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $18.88 at the most recent close of the market. An investor can expect a potential return of 115.47% based on the average PENN price forecast.
Analyzing the PENN fundamentals
The PENN Entertainment Inc [NASDAQ:PENN] reported sales of 6.28B for trailing twelve months, representing a drop of -0.70%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.38 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.04.
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 18.30 points at the first support level, and at 17.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.19, and for the 2nd resistance point, it is at 19.51.
Ratios To Look Out For
It’s worth pointing out that PENN Entertainment Inc [NASDAQ:PENN]’s Current Ratio is 1.03. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved HANDLER DAVID A, Director, that happened on Sep 10 ’24 when 10000.0 shares were purchased. Director, DHANDA ANUJ completed a deal on Sep 06 ’24 to buy 15000.0 shares. Meanwhile, President and CEO Snowden Jay A bought 54200.0 shares on Sep 03 ’24.
