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As of close of business last night, PENN Entertainment Inc’s stock clocked out at $18.46, down -1.55% from its previous closing price of $18.75. In other words, the price has decreased by -$1.55 from its previous closing price. On the day, 2.34 million shares were traded. PENN stock price reached its highest trading level at $18.74 during the session, while it also had its lowest trading level at $18.26.
Ratios:
To gain a deeper understanding of PENN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 3.73 whereas as Long-Term Debt/Eq ratio is at 3.59.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2816922112 and an Enterprise Value of 13292434432. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 2.115 whereas that against EBITDA is 27.373.
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 -1.89%, while the 200-Day Moving Average is calculated to be -2.84%.
Shares Statistics:
It appears that PENN traded 3.61M shares on average per day over the past three months and 2862070 shares per day over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 150.85M. Insiders hold about 1.14% of the company’s shares, while institutions hold 102.38% stake in the company. Shares short for PENN as of 1727654400 were 20095414 with a Short Ratio of 5.56, compared to 1724976000 on 21105840. Therefore, it implies a Short% of Shares Outstanding of 20095414 and a Short% of Float of 14.91.
