Growth Story Still Intact For PENN Entertainment Inc (PENN)

PENN Entertainment Inc (PENN) concluded trading on Thursday at a closing price of $20.22, with 5.1 million shares of worth about $103.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.51% during that period and on November 07, 2024 the price saw a gain of about 5.15%. Currently the company’s common shares owned by public are about 151.55M shares, out of which, 150.87M shares are available for trading.

Stock saw a price change of 2.38% in past 5 days and over the past one month there was a price change of 7.84%. Year-to-date (YTD), PENN shares are showing a performance of -22.29% which decreased to -14.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.50 but also hit the highest price of $27.20 during that period. The average intraday trading volume for PENN Entertainment Inc shares is 3.15 million. The stock is currently trading 5.19% above its 20-day simple moving average (SMA20), while that difference is up 6.52% for SMA50 and it goes to 9.35% higher than SMA200.

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PENN Entertainment Inc (NASDAQ: PENN) currently have 151.55M outstanding shares and institutions hold larger chunk of about 102.74% of that.

The stock has a current market capitalization of $3.09B and its 3Y-monthly beta is at 2.07. It has posted earnings per share of -$8.10 in the same period. It has Quick Ratio of 1.03 while making debt-to-equity ratio of 3.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PENN, volatility over the week remained 4.14% while standing at 3.49% over the month.

Stock’s fiscal year EPS is expected to rise by 55.36% while it is estimated to increase by 148.48% in next year.

Coverage by Craig Hallum stated PENN Entertainment Inc (PENN) stock as a Buy in their note to investors on June 21, 2024, suggesting a price target of $30 for the stock. On May 21, 2024, Raymond James Initiated their recommendations, while on May 13, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $17.50. Stock get a Buy rating from Truist on April 23, 2024.

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