On Monday, PENN Entertainment Inc (NASDAQ: PENN) opened higher 1.01% from the last session, before settling in for the closing price of $16.86. Price fluctuations for PENN have ranged from $15.88 to $31.63 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 17.61% over the past five years. Company’s average yearly earnings per share was noted 77.93% at the time writing. With a float of $150.34 million, this company’s outstanding shares have now reached $151.55 million.
Let’s look at the performance matrix of the company that is accounted for 23333 employees.
PENN Entertainment Inc (PENN) Insider and Institutional Ownership
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 1.01%, while institutional ownership is 90.41%. 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 77.93% per share during the next fiscal year.
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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.41. Likewise, its price to free cash flow for the trailing twelve months is 26.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.66, a number that is poised to hit -0.59 in the next quarter and is forecasted to reach 1.05 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
PENN Entertainment Inc (NASDAQ: PENN) saw its 5-day average volume 6.6 million, a positive change from its year-to-date volume of 5.67 million. As of the previous 9 days, the stock’s Stochastic %D was 53.57%. Additionally, its Average True Range was 0.76.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 10.19%, which indicates a significant decrease from 54.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.59% in the past 14 days, which was lower than the 50.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.55, while its 200-day Moving Average is $22.01. Nevertheless, the first resistance level for the watch stands at $17.39 in the near term. At $17.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.98. If the price goes on to break the first support level at $16.80, it is likely to go to the next support level at $16.56. The third support level lies at $16.20 if the price breaches the second support level.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
There are currently 151,867K shares outstanding in the company with a market cap of 2.59 billion. Presently, the company’s annual sales total 6,363 M according to its annual income of -490,000 K. Last quarter, the company’s sales amounted to 1,395 M and its income totaled -358,100 K.
