PENN Entertainment Inc (NASDAQ: PENN) on Monday, soared 3.47% from the previous trading day, before settling in for the closing price of $21.59. Within the past 52 weeks, PENN’s price has moved between $13.50 and $27.20.
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A company in the Consumer Cyclical sector has jumped its sales by 17.61% annually for the last half of the decade. The company achieved an average annual earnings per share of 54.36%. With a float of $150.90 million, this company’s outstanding shares have now reached $152.16 million.
In an organization with 23333 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 29.34%, operating margin of -0.76%, and the pretax margin is -9.52%.
PENN Entertainment Inc (PENN) Insider Updates
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of PENN Entertainment Inc is 1.13%, while institutional ownership is 99.34%. The most recent insider transaction that took place on Sep 10 ’24, was worth 175,100. In this transaction Director of this company bought 10,000 shares at a rate of $17.51, taking the stock ownership to the 293,450 shares. Before that another transaction happened on Sep 06 ’24, when Company’s Director bought 15,000 for $18.40, making the entire transaction worth $276,000. This insider now owns 31,523 shares in total.
PENN Entertainment Inc (PENN) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.75 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.46) by -1.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 54.36% per share during the next fiscal year.
PENN Entertainment Inc (NASDAQ: PENN) Trading Performance Indicators
PENN Entertainment Inc (PENN) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.54, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach 0.69 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
Let’s dig in a bit further. During the last 5-days, its volume was 2.37 million. That was inferior than the volume of 4.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.21%. Additionally, its Average True Range was 0.77.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 99.02%, which indicates a significant increase from 97.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.67% in the past 14 days, which was lower than the 44.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.62, while its 200-day Moving Average is $18.37. However, in the short run, PENN Entertainment Inc’s stock first resistance to watch stands at $22.66. Second resistance stands at $22.97. The third major resistance level sits at $23.55. If the price goes on to break the first support level at $21.77, it is likely to go to the next support level at $21.19. Assuming the price breaks the second support level, the third support level stands at $20.88.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
Market capitalization of the company is 3.49 billion based on 152,629K outstanding shares. Right now, sales total 6,363 M and income totals -490,000 K. The company made 1,639 M in profit during its latest quarter, and -36,700 K in sales during its previous quarter.
