A new trading day began on Monday, with PENN Entertainment Inc (NASDAQ: PENN) stock price down -2.51% from the previous day of trading, before settling in for the closing price of $16.70. PENN’s price has ranged from $16.34 to $31.63 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 17.61%. Meanwhile, its annual earnings per share averaged 81.02%. With a float of $150.89 million, this company’s outstanding shares have now reached $151.55 million.
The extent of productivity of a business whose workforce counts for 23333 workers is very important to gauge.
PENN Entertainment Inc (PENN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Resorts & Casinos Industry. The insider ownership of PENN Entertainment Inc is 1.01%, while institutional ownership is 90.27%. The most recent insider transaction that took place on Jan 03 ’24, was worth 126,579. In this transaction EVP and Chief Strategy Officer of this company sold 5,017 shares at a rate of $25.23, taking the stock ownership to the 30,214 shares. Before that another transaction happened on Dec 26 ’23, when Company’s President and CEO sold 172,930 for $25.25, making the entire transaction worth $4,366,482. This insider now owns 689,072 shares in total.
PENN Entertainment Inc (PENN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 81.02% per share during the next fiscal year.
PENN Entertainment Inc (NASDAQ: PENN) Trading Performance Indicators
Here are PENN Entertainment Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 25.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.66, a number that is poised to hit -0.56 in the next quarter and is forecasted to reach 1.09 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
The latest stats from [PENN Entertainment Inc, PENN] show that its last 5-days average volume of 6.28 million was superior to 5.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 14.36%. Additionally, its Average True Range was 0.74.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 1.58%, which indicates a significant decrease from 6.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.09% in the past 14 days, which was lower than the 51.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.59, while its 200-day Moving Average is $22.42. Now, the first resistance to watch is $16.75. This is followed by the second major resistance level at $17.21. The third major resistance level sits at $17.53. If the price goes on to break the first support level at $15.96, it is likely to go to the next support level at $15.64. The third support level lies at $15.18 if the price breaches the second support level.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
With a market capitalization of 2.48 billion, the company has a total of 152,423K Shares Outstanding. Currently, annual sales are 6,363 M while annual income is -490,000 K. The company’s previous quarter sales were 1,395 M while its latest quarter income was -358,100 K.
