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The closing price of PENN Entertainment Inc (NASDAQ: PENN) was $20.94 for the day, down -1.37% from the previous closing price of $21.23. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 1.83 million shares were traded. PENN stock price reached its highest trading level at $21.57 during the session, while it also had its lowest trading level at $20.79.
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.
Craig Hallum Upgraded its Hold to Buy on June 21, 2024, while the target price for the stock was maintained at $30.
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 3196051200 and an Enterprise Value of 13612323840. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 2.159 whereas that against EBITDA is 32.573.
Stock Price History:
Over the past 52 weeks, PENN has reached a high of $27.20, while it has fallen to a 52-week low of $13.50. The 50-Day Moving Average of the stock is 9.02%, while the 200-Day Moving Average is calculated to be 13.60%.
Shares Statistics:
PENN traded an average of 3.04M shares per day over the past three months and 2993210 shares per day over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 150.90M. Insiders hold about 1.13% of the company’s shares, while institutions hold 98.61% stake in the company. Shares short for PENN as of 1730332800 were 19883391 with a Short Ratio of 6.53, compared to 1727654400 on 20095414. Therefore, it implies a Short% of Shares Outstanding of 19883391 and a Short% of Float of 14.75.
