On Monday, PENN Entertainment Inc (NASDAQ: PENN) opened higher 4.85% from the last session, before settling in for the closing price of $18.76. Price fluctuations for PENN have ranged from $13.50 to $25.53 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 10.08% over the past five years. Company’s average yearly earnings per share was noted 54.01% at the time writing. With a float of $150.90 million, this company’s outstanding shares have now reached $152.16 million.
Let’s look at the performance matrix of the company that is accounted for 23333 employees. 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
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 1.13%, while institutional ownership is 99.32%. 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
According to the Wall Street analysts, stocks earnings will be around 54.01% 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 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.54, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 0.66 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
PENN Entertainment Inc (NASDAQ: PENN) saw its 5-day average volume 3.54 million, a positive change from its year-to-date volume of 3.32 million. As of the previous 9 days, the stock’s Stochastic %D was 58.81%. Additionally, its Average True Range was 0.95.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 49.26%, which indicates a significant decrease from 57.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.30% in the past 14 days, which was higher than the 42.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.98, while its 200-day Moving Average is $18.55. Nevertheless, the first resistance level for the watch stands at $20.09 in the near term. At $20.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.13. If the price goes on to break the first support level at $19.06, it is likely to go to the next support level at $18.45. Assuming the price breaks the second support level, the third support level stands at $18.02.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
There are currently 152,629K shares outstanding in the company with a market cap of 2.93 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 1,639 M and its income totaled -36,700 K.
