PENN Entertainment Inc (NASDAQ: PENN) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 151.55M common shares owned by the public and among those 150.89M shares have been available to trade.

The company’s stock has a 5-day price change of -8.37% and -28.95% over the past three months. PENN shares are trading -36.43% year to date (YTD), with the 12-month market performance down to -42.39% lower. It has a 12-month low price of $16.10 and touched a high of $31.63 over the same period. PENN has an average intraday trading volume of 5.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.50%, -11.05%, and -26.23% respectively.

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Institutional ownership of PENN Entertainment Inc (NASDAQ: PENN) shares accounts for 90.26% of the company’s 151.55M shares outstanding.

It has a market capitalization of $2.52B and a beta (3y monthly) value of 2.07. The earnings-per-share (ttm) stands at -$3.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.44% over the week and 3.70% over the month.

Analysts forecast that PENN Entertainment Inc (PENN) will achieve an EPS of $Cenntro Inc. for the current quarter, $1.47 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $PennantPark Floating Rate Capit while analysts give the company a high EPS estimate of $Penumbra, Inc.. Comparatively, EPS for the current quarter was $PennantPark Investment Corporat a year ago. Earnings per share for the fiscal year are expected to increase by 81.01%, and 277.83% over the next financial year.

Mizuho coverage for the PENN Entertainment Inc (PENN) stock in a research note released on March 26, 2024 offered a Buy rating with a price target of $29. BofA Securities was of a view on November 20, 2023 that the stock is Buy, while CapitalOne gave the stock Equal Weight rating on October 12, 2023, issuing a price target of $25. Truist on their part issued Hold rating on August 10, 2023.

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