Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of PENN Entertainment Inc (NASDAQ: PENN) was $20.17 for the day, down -2.32% from the previous closing price of $20.65. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 5.87 million shares were traded. PENN stock price reached its highest trading level at $21.18 during the session, while it also had its lowest trading level at $20.01.
Ratios:
Our analysis of PENN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 3.69 whereas as Long-Term Debt/Eq ratio is at 3.55.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 10 ’24 when HANDLER DAVID A bought 10,000 shares for $17.51 per share. The transaction valued at 175,100 led to the insider holds 293,450 shares of the business.
DHANDA ANUJ bought 15,000 shares of PENN for $276,000 on Sep 06 ’24. The Director now owns 31,523 shares after completing the transaction at $18.40 per share. On Sep 03 ’24, another insider, Snowden Jay A, who serves as the President and CEO of the company, bought 54,200 shares for $18.44 each. As a result, the insider paid 999,448 and bolstered with 853,045 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PENN now has a Market Capitalization of 3078526720 and an Enterprise Value of 13497113600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 2.141 whereas that against EBITDA is 32.297.
Stock Price History:
The Beta on a monthly basis for PENN is 2.08, which has changed by -0.12942666 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, PENN has reached a high of $24.57, while it has fallen to a 52-week low of $13.50. The 50-Day Moving Average of the stock is 1.26%, while the 200-Day Moving Average is calculated to be 8.40%.
Shares Statistics:
PENN traded an average of 3.41M shares per day over the past three months and 6236110 shares per day over the past ten days. A total of 152.16M shares are outstanding, with a floating share count of 150.47M. Insiders hold about 1.42% of the company’s shares, while institutions hold 93.78% stake in the company. Shares short for PENN as of 1735603200 were 16320354 with a Short Ratio of 4.78, compared to 1732838400 on 17093349. Therefore, it implies a Short% of Shares Outstanding of 16320354 and a Short% of Float of 12.109999.
