Investor’s Delight: PENN Entertainment Inc (PENN) Closes Weak at 20.04, Down -0.15

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The closing price of PENN Entertainment Inc (NASDAQ: PENN) was $20.04 for the day, down -0.15% from the previous closing price of $20.07. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 3.21 million shares were traded. PENN stock price reached its highest trading level at $20.06 during the session, while it also had its lowest trading level at $19.335.

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 1.04 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 3.72 whereas as Long-Term Debt/Eq ratio is at 3.58.

On June 21, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $30.

On May 21, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $20.Raymond James initiated its Outperform rating on May 21, 2024, with a $20 target price.

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 May 29 ’24 when HANDLER DAVID A bought 40,000 shares for $14.94 per share. The transaction valued at 597,600 led to the insider holds 283,450 shares of the business.

HANDLER DAVID A bought 20,000 shares of PENN for $316,850 on May 07 ’24. The Director now owns 20,000 shares after completing the transaction at $15.84 per share. On May 06 ’24, another insider, HANDLER DAVID A, who serves as the Director of the company, bought 20,000 shares for $15.37 each. As a result, the insider paid 307,386 and bolstered with 243,450 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 3059587072 and an Enterprise Value of 13538587648. 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 0.99. Its current Enterprise Value per Revenue stands at 2.15 whereas that against EBITDA is 22.046.

Stock Price History:

The Beta on a monthly basis for PENN is 2.10, which has changed by -0.25140083 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, PENN has reached a high of $29.38, while it has fallen to a 52-week low of $13.50. The 50-Day Moving Average of the stock is 16.87%, while the 200-Day Moving Average is calculated to be -1.47%.

Shares Statistics:

PENN traded an average of 7.07M shares per day over the past three months and 4580850 shares per day over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 150.78M. Insiders hold about 1.10% of the company’s shares, while institutions hold 98.32% stake in the company. Shares short for PENN as of 1718323200 were 25092324 with a Short Ratio of 3.55, compared to 1715731200 on 29967971. Therefore, it implies a Short% of Shares Outstanding of 25092324 and a Short% of Float of 18.65.

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