PENN Entertainment Inc [PENN] stock is trading at $19.16, down -3.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The PENN shares have gain 1.32% over the last week, with a monthly amount drifted -7.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
PENN Entertainment Inc [NASDAQ: PENN] stock has seen the most recent analyst activity on December 13, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $27 for it. On June 25, 2024, downgrade downgraded it’s rating to Mkt Perform. Craig Hallum upgraded its rating to a Buy but stick to its price target of $30 on June 21, 2024. Raymond James initiated its recommendation with a Outperform and recommended $20 as its price target on May 21, 2024. BofA Securities downgraded its rating to Neutral for this stock on May 13, 2024, and downed its price target to $17.50. In a note dated April 23, 2024, Truist upgraded an Buy rating on this stock but restated the target price of $23.
PENN Entertainment Inc [PENN] stock has fluctuated between $13.50 and $27.20 over the past year. Currently, Wall Street analysts expect the stock to reach $21.86 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $19.16 at the most recent close of the market. An investor can expect a potential return of 14.09% 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 growth of 1.22%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
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 18.86 points at the first support level, and at 18.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.72, and for the 2nd resistance point, it is at 20.27.
Ratios To Look Out For
For context, PENN Entertainment Inc’s Current Ratio is 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 0.46, the price to book ratio is 0.95.
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.
