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After finishing at $20.32 in the prior trading day, PENN Entertainment Inc (NASDAQ: PENN) closed at $20.02, down -1.48%. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 2.29 million shares were traded. PENN stock price reached its highest trading level at $20.39 during the session, while it also had its lowest trading level at $19.84.
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 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:
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 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 3101438208 and an Enterprise Value of 13474669568. 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 0.99. Its current Enterprise Value per Revenue stands at 2.137 whereas that against EBITDA is 32.244.
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 3.11%, while the 200-Day Moving Average is calculated to be 8.76%.
Shares Statistics:
The stock has traded on average 2.98M shares per day over the past 3-months and 2799750 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 150.90M. Insiders hold about 1.13% of the company’s shares, while institutions hold 99.35% stake in the company. Shares short for PENN as of 1730332800 were 19883391 with a Short Ratio of 6.68, compared to 1727654400 on 20095414. Therefore, it implies a Short% of Shares Outstanding of 19883391 and a Short% of Float of 14.75.
