At the time of writing, PENN Entertainment Inc [PENN] stock is trading at $21.54, up 5.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The PENN shares have gain 17.45% over the last week, with a monthly amount glided 16.56%, and 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.
For the past year, the stock price of PENN Entertainment Inc fluctuated between $13.50 and $27.20. Currently, Wall Street analysts expect the stock to reach $40.09 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $21.54 at the most recent close of the market. An investor can expect a potential return of 86.12% based on the average PENN price forecast.
Analyzing the PENN fundamentals
According to PENN Entertainment Inc [NASDAQ:PENN], the company’s sales were 6.30B for trailing twelve months, which represents an 1.22% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.17 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.68.
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 20.52 points at the first support level, and at 19.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.09, and for the 2nd resistance point, it is at 22.65.
Ratios To Look Out For
It is important to note that PENN Entertainment Inc [NASDAQ:PENN] has a current ratio of 0.94. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.07.
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.
