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In the latest session, PENN Entertainment Inc (NASDAQ: PENN) closed at $19.82 down -3.69% from its previous closing price of $20.58. In other words, the price has decreased by -$3.69 from its previous closing price. On the day, 5.5 million shares were traded. PENN stock price reached its highest trading level at $20.67 during the session, while it also had its lowest trading level at $19.43.
Ratios:
For a deeper understanding of PENN Entertainment Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 3021479680 and an Enterprise Value of 13619286016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 2.163 whereas that against EBITDA is 22.178.
Stock Price History:
The Beta on a monthly basis for PENN is 2.10, which has changed by -0.2405904 over the last 52 weeks, in comparison to a change of 0.23279357 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 13.75%, while the 200-Day Moving Average is calculated to be -2.33%.
Shares Statistics:
For the past three months, PENN has traded an average of 6.98M shares per day and 4818870 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 99.58% stake in the company. Shares short for PENN as of 1719532800 were 24703355 with a Short Ratio of 3.54, compared to 1717113600 on 29246196. Therefore, it implies a Short% of Shares Outstanding of 24703355 and a Short% of Float of 18.360001.
