Penn National Gaming Inc. [PENN] Is Currently -1.19 below its 200 Period Moving Avg: What Does This Mean?


Penn National Gaming Inc. [NASDAQ: PENN] loss -1.19% or -0.57 points to close at $47.44 with a heavy trading volume of 4113387 shares. The company report on December 22, 2021 that Penn National Gaming Celebrates Grand Opening of Hollywood Casino Morgantown.

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It opened the trading session at $48.51, the shares rose to $49.17 and dropped to $47.12, the range by which the price of stock traded the whole day. The daily chart for PENN points out that the company has recorded -31.08% loss over the past six months. However, it is still -9.41% lower than its most recent low trading price.

If we look at the average trading volume of 5.42M shares, PENN reached to a volume of 4113387 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Penn National Gaming Inc. [PENN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $80.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PENN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 12, 2021. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on October 20, 2021, representing the official price target for Penn National Gaming Inc. stock. Previously, the target price had yet another raise to $95, while Berenberg analysts kept a Buy rating on PENN stock.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 2.65, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 16.24. Price to Free Cash Flow for PENN in the course of the last twelve months was 11.07 with Quick ratio for the last quarter at 2.80.

Trading performance analysis for PENN stock

Penn National Gaming Inc. [PENN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.78. With this latest performance, PENN shares dropped by -0.13% in over the last four-week period, additionally sinking by -31.08% over the last 6 months – not to mention a drop of -54.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PENN stock in for the last two-week period is set at 42.25, with the RSI for the last a single of trading hit 42.39, and the three-weeks RSI is set at 41.56 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 52.27, while it was recorded at 47.31 for the last single week of trading, and 72.49 for the last 200 days.

Penn National Gaming Inc. [PENN]: A deeper dive into fundamental analysis

Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

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An analysis of insider ownership at Penn National Gaming Inc. [PENN]

There are presently around $6,734 million, or 80.60% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: FMR LLC with ownership of 20,502,852, which is approximately -2.816% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 16,499,862 shares of the stock with an approximate value of $792.16 million in PENN stocks shares; and BLACKROCK INC., currently with $679.82 million in PENN stock with ownership of nearly 8.691% of the company’s market capitalization.

Positions in Penn National Gaming Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 371 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 22,712,988 shares. Additionally, 252 investors decreased positions by around 14,167,554 shares, while 100 investors held positions by with 103,388,203 shares. The mentioned changes placed institutional holdings at 140,268,745 shares, according to the latest SEC report filing. PENN stock had 134 new institutional investments in for a total of 12,309,023 shares, while 73 institutional investors sold positions of 3,024,169 shares during the same period.