Raymond James has recently reduced PENN Entertainment Inc (PENN) stock to Mkt Perform rating, as announced on June 25, 2024, according to Finviz. Earlier, on June 21, 2024, Craig Hallum had raised the stock from a Hold to Buy, setting a price target of $30. Raymond James also initiated Outperform rating with a price target of $20. Additionally, BofA Securities reduced Neutral rating on May 13, 2024, with a target price of $17.50. Truist analysts, in their report published on April 23, 2024, also raised Buy rating and set a price target of $23 for PENN Entertainment Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
PENN Entertainment Inc (PENN) Stock Trading Recap
On Monday, PENN Entertainment Inc (PENN) stock saw a decline, ending the day at $19.06 which represents a decrease of $-0.39 or -2.01% from the prior close of $19.45. The stock opened at $19.12 and touched a low of $19.01 during the day, reaching a high of $19.61. The volume of shares traded was 1.82 million falling short of the average volume of 3.21 million.
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PENN Stock Performance and Moving Averages
In recent trading, PENN Entertainment Inc (PENN) stock price has shown some volatility, fluctuating -4.17% over the last five trades and 0.53% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 23.69%, and it has gained 9.10% in the previous three months. Currently, PENN is trading at -0.30%, 0.45%, and 2.72% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PENN, a Consumer Cyclical sector stock, is trading -29.94% below its 52-week high but remains 41.19% above its 52-week low. The Average True Range (ATR) (14 days) of 0.72 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
PENN Entertainment Inc’s Profitability and Valuation Ratios
PENN Entertainment Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.27% and a profit margin of -19.48%, with a gross margin of 23.69%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, PENN Entertainment Inc’s market capitalization stands at $2.86 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 26.55. Additionally, the Price-to-Sales Ratio is 0.46, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.95, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.13% of PENN Entertainment Inc (PENN)’s shares, while financial institutions hold 103.54%.
Notable insider trades include Rogers Christopher Byron, EVP and Chief Strategy Officer at PENN Entertainment Inc (PENN), who sold 5017 shares on Jan 03 ’24, at $25.23 each, totaling $0.13 million. On Dec 26 ’23, Snowden Jay A, President and CEO, sold 172930 shares for $25.25 each, amounting to $4.37 million.