On November 20, 2023, PENN Entertainment Inc (NASDAQ: PENN) opened at $25.85, higher 6.84% from the last session. During the day, the shares moved up to $26.465 and dropped to $25.45 before settling in for the closing price of $24.57. Price fluctuations for PENN have ranged from $18.35 to $37.67 over the past 52 weeks.
Consumer Cyclical Sector giant saw their annual sales surged by 20.53% over the last five years. Company’s average yearly earnings per share was noted -164.07% at the time writing. With a float of $149.26 million, this company’s outstanding shares have now reached $152.90 million.
The firm has a total of 21875 workers. Let’s measure their productivity. In terms of profitability, gross margin is +34.41, operating margin of +17.07, and the pretax margin is +2.74.
PENN Entertainment Inc (PENN) Insider Activity
A key investor’s attitude towards the stock of the Resorts & Casinos industry is another important factor to consider. The insider ownership of PENN Entertainment Inc is 1.64%, while institutional ownership is 88.79%. The most recent insider transaction that took place on Nov 06, was worth 100,452. In this transaction Director of this company bought 4,400 shares at a rate of $22.83, taking the stock ownership to the 63,414 shares. Before that another transaction happened on Sep 06, when Company’s EVP and CFO bought 11,162 for $22.41, making the entire transaction worth $250,140. This insider now owns 27,975 shares in total.
PENN Entertainment Inc (PENN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$4.8 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.36) by -$5.16. This company achieved a net margin of +3.47 while generating a return on equity of 5.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -164.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.40% during the next five years compared to -24.33% drop over the previous five years of trading.
PENN Entertainment Inc (NASDAQ: PENN) Trading Performance Indicators
Check out the current performance indicators for PENN Entertainment Inc (PENN). In the past quarter, the stock posted a quick ratio of 1.41. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.61. Likewise, its price to free cash flow for the trailing twelve months is 6.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
Analysing the last 5-days average volume posted by the [PENN Entertainment Inc, PENN], we can find that recorded value of 6.34 million was better than the volume posted last year of 3.77 million. As of the previous 9 days, the stock’s Stochastic %D was 90.48%. Additionally, its Average True Range was 1.07.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 71.62%, which indicates a significant decrease from 96.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.74% in the past 14 days, which was higher than the 53.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.96, while its 200-day Moving Average is $25.62. Now, the first resistance to watch is $26.66. This is followed by the second major resistance level at $27.07. The third major resistance level sits at $27.67. If the price goes on to break the first support level at $25.65, it is likely to go to the next support level at $25.04. Should the price break the second support level, the third support level stands at $24.63.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
There are currently 151,759K shares outstanding in the company with a market cap of 3.98 billion. Presently, the company’s annual sales total 6,402 M according to its annual income of 222,100 K. Last quarter, the company’s sales amounted to 1,619 M and its income totaled -724,800 K.