At the time of writing, PENN Entertainment Inc [PENN] stock is trading at $20.90, up 3.57%. 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 2.80% over the last week, with a monthly amount glided 8.63%, and 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.
For the past year, the stock price of PENN Entertainment Inc fluctuated between $13.50 and $23.81. Currently, Wall Street analysts expect the stock to reach $21.6 within the next 12 months. PENN Entertainment Inc [NASDAQ: PENN] shares were valued at $20.90 at the most recent close of the market. An investor can expect a potential return of 3.35% 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 3.69.
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 20.33 points at the first support level, and at 19.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.24, and for the 2nd resistance point, it is at 21.58.
Ratios To Look Out For
It is important to note that PENN Entertainment Inc [NASDAQ:PENN] has a current ratio of 0.94. Further, the Quick Ratio stands at 0.94, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 1.04.
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.
