On Monday, PENN Entertainment Inc (NASDAQ: PENN) opened lower -0.20% from the last session, before settling in for the closing price of $20.20. Price fluctuations for PENN have ranged from $13.50 to $24.14 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 10.08%. Company’s average yearly earnings per share was noted 52.01% at the time writing. With a float of $150.47 million, this company’s outstanding shares have now reached $152.16 million.
Considering the fact that the conglomerate employs 23333 people, you should pay attention to its efficiency factor. 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 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 1.42%, while institutional ownership is 94.65%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.01% 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 0.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.54, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach 0.60 in one year’s time.
Technical Analysis of PENN Entertainment Inc (PENN)
Compared to the last year’s volume of 6.16 million, its volume of 4.31 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.44%. Additionally, its Average True Range was 0.96.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 58.36%, which indicates a significant decrease from 72.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.83% in the past 14 days, which was higher than the 44.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.01, while its 200-day Moving Average is $18.69. Nevertheless, the first resistance level for the watch stands at $20.42 in the near term. At $20.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.97. If the price goes on to break the first support level at $19.87, it is likely to go to the next support level at $19.59. Should the price break the second support level, the third support level stands at $19.32.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
There are currently 152,629K shares outstanding in the company with a market cap of 3.08 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.
