PENN Entertainment Inc (NASDAQ: PENN) kicked off on Monday, down -0.88% from the previous trading day, before settling in for the closing price of $15.97. Over the past 52 weeks, PENN has traded in a range of $13.25-$23.08.
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A company in the Consumer Cyclical sector has jumped its sales by 8.74% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 101.94%. With a float of $148.77 million, this company’s outstanding shares have now reached $152.23 million.
In an organization with 23118 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 33.3%, operating margin of 1.24%, and the pretax margin is -5.19%.
PENN Entertainment Inc (PENN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Resorts & Casinos Industry. The insider ownership of PENN Entertainment Inc is 1.38%, while institutional ownership is 96.96%. 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 101.94% per share during the next fiscal year.
PENN Entertainment Inc (NASDAQ: PENN) Trading Performance Indicators
Take a look at PENN Entertainment Inc’s (PENN) current performance indicators. Last quarter, stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.05, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach 1.17 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 2.96 million. That was inferior than the volume of 4.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.26%. Additionally, its Average True Range was 0.87.
During the past 100 days, PENN Entertainment Inc’s (PENN) raw stochastic average was set at 26.25%, which indicates a significant decrease from 78.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.17% in the past 14 days, which was lower than the 61.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.72, while its 200-day Moving Average is $18.88. However, in the short run, PENN Entertainment Inc’s stock first resistance to watch stands at $16.26. Second resistance stands at $16.68. The third major resistance level sits at $16.96. If the price goes on to break the first support level at $15.56, it is likely to go to the next support level at $15.28. Assuming the price breaks the second support level, the third support level stands at $14.86.
PENN Entertainment Inc (NASDAQ: PENN) Key Stats
The company with the Market Capitalisation of 2.39 billion has total of 150,853K Shares Outstanding. Its annual sales at the moment are 6,578 M in contrast with the sum of -311,500 K annual income. Company’s last quarter sales were recorded 1,669 M and last quarter income was -133,300 K.
