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.
After finishing at $15.00 in the prior trading day, PENN Entertainment Inc (NASDAQ: PENN) closed at $15.12, up 0.83%. In other words, the price has increased by $0.83 from its previous closing price. On the day, 8.57 million shares were traded. PENN stock price reached its highest trading level at $15.6 during the session, while it also had its lowest trading level at $14.94.
Ratios:
Our goal is to gain a better understanding of PENN by taking a closer look at its different 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 March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $29.Mizuho initiated its Buy rating on March 26, 2024, with a $29 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 03 ’24 when Rogers Christopher Byron sold 5,017 shares for $25.23 per share. The transaction valued at 126,579 led to the insider holds 30,214 shares of the business.
Snowden Jay A sold 172,930 shares of PENN for $4,366,482 on Dec 26 ’23. The President and CEO now owns 689,072 shares after completing the transaction at $25.25 per share. On Nov 06 ’23, another insider, SCACCETTI JANE, who serves as the Director of the company, bought 4,400 shares for $22.83 each. As a result, the insider paid 100,452 and bolstered with 63,414 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 2305745664 and an Enterprise Value of 12804087808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 2.034 whereas that against EBITDA is 20.85.
Stock Price History:
Over the past 52 weeks, PENN has reached a high of $31.02, while it has fallen to a 52-week low of $13.50. The 50-Day Moving Average of the stock is -13.30%, while the 200-Day Moving Average is calculated to be -30.80%.
Shares Statistics:
The stock has traded on average 6.10M shares per day over the past 3-months and 8034430 shares per day over the last 10 days, according to various share statistics. A total of 151.55M shares are outstanding, with a floating share count of 150.91M. Insiders hold about 1.01% of the company’s shares, while institutions hold 90.17% stake in the company. Shares short for PENN as of 1713139200 were 29989208 with a Short Ratio of 4.92, compared to 1710460800 on 26025235. Therefore, it implies a Short% of Shares Outstanding of 29989208 and a Short% of Float of 22.299999.
