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After finishing at $19.51 in the prior trading day, PENN Entertainment Inc (NASDAQ: PENN) closed at $18.81, down -3.59%. In other words, the price has decreased by -$3.59 from its previous closing price. On the day, 3.47 million shares were traded. PENN stock price reached its highest trading level at $19.85 during the session, while it also had its lowest trading level at $18.74.
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 1.03 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:
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 2870330624 and an Enterprise Value of 13344790528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 2.123 whereas that against EBITDA is 27.481.
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 -0.66%, while the 200-Day Moving Average is calculated to be -3.08%.
Shares Statistics:
The stock has traded on average 3.88M shares per day over the past 3-months and 3590690 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 150.85M. Insiders hold about 1.14% of the company’s shares, while institutions hold 102.41% stake in the company. Shares short for PENN as of 1724976000 were 21105840 with a Short Ratio of 5.44, compared to 1722384000 on 22228430. Therefore, it implies a Short% of Shares Outstanding of 21105840 and a Short% of Float of 15.659999999999998.
