PENN Entertainment Inc (PENN) concluded trading on Tuesday at a closing price of $19.82, with 4.05 million shares of worth about $80.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.37% during that period and on December 31, 2024 the price saw a gain of about 5.82%. Currently the company’s common shares owned by public are about 152.16M shares, out of which, 150.90M shares are available for trading.
Stock saw a price change of 9.32% in past 5 days and over the past one month there was a price change of -8.20%. Year-to-date (YTD), PENN shares are showing a performance of -23.83% which decreased to -23.83% 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 $26.53 during that period. The average intraday trading volume for PENN Entertainment Inc shares is 2.87 million. The stock is currently trading 1.44% above its 20-day simple moving average (SMA20), while that difference is down -0.63% for SMA50 and it goes to 6.97% higher than SMA200.
PENN Entertainment Inc (NASDAQ: PENN) currently have 152.16M outstanding shares and institutions hold larger chunk of about 99.32% of that.
The stock has a current market capitalization of $3.20B and its 3Y-monthly beta is at 2.09. It has posted earnings per share of -$3.54 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 3.69. 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 4.41% while standing at 5.09% over the month.
Analysts are in expectations that PENN Entertainment Inc (PENN) stock would likely to be making an EPS of -0.31 in the current quarter, while forecast for next quarter EPS is 0.12 and it is 0.72 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.42 which is -0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -1.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.16% while it is estimated to increase by 146.16% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 13, 2024 offering an Overweight rating for the stock and assigned a target price of $27 to it. Coverage by BofA Securities stated PENN Entertainment Inc (PENN) stock as a Neutral in their note to investors on November 13, 2024, suggesting a price target of $22 for the stock. On June 25, 2024, Raymond James Downgrade their recommendations, while on June 21, 2024, Craig Hallum Upgrade their ratings for the stock with a price target of $30. Stock get an Outperform rating from Raymond James on May 21, 2024.
