In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, PENN Entertainment Inc’s stock clocked out at $20.65, up 3.15% from its previous closing price of $20.02. In other words, the price has increased by $3.15 from its previous closing price. On the day, 5.34 million shares were traded. PENN stock price reached its highest trading level at $20.8 during the session, while it also had its lowest trading level at $19.96.
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 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.
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 3142104064 and an Enterprise Value of 13568932864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 2.152 whereas that against EBITDA is 32.469.
Stock Price History:
The Beta on a monthly basis for PENN is 2.09, which has changed by -0.14699614 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. Over the past 52 weeks, PENN has reached a high of $24.57, while it has fallen to a 52-week low of $13.50. The 50-Day Moving Average of the stock is 3.23%, while the 200-Day Moving Average is calculated to be 10.76%.
Shares Statistics:
It appears that PENN traded 3.61M shares on average per day over the past three months and 7411900 shares per day over the past ten days. A total of 152.16M shares are outstanding, with a floating share count of 150.47M. Insiders hold about 1.42% of the company’s shares, while institutions hold 94.69% stake in the company. Shares short for PENN as of 1735603200 were 16320354 with a Short Ratio of 4.52, compared to 1732838400 on 17093349. Therefore, it implies a Short% of Shares Outstanding of 16320354 and a Short% of Float of 12.109999.
