Market cap of Penn National Gaming Inc. [PENN] reaches 7.11B – now what?



Penn National Gaming Inc. [NASDAQ: PENN] closed the trading session at $42.23 on 03/15/22. The day’s price range saw the stock hit a low of $39.96, while the highest price level was $42.52. The company report on February 28, 2022 that Penn National Gaming’s “myheroes” Program Reaches Milestone with 100,000 Active-Duty Military, Veterans and First Responders Enrolled.

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Company Celebrates Program’s Success with Dedication of $100,000 to Support Local Veterans Organizations and First Responder Groups.

Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) is pleased to announce that its “myheroes” program, which honors active-duty military, veterans and first responders, has surpassed enrollment of 100,000 members. In celebration of this milestone, the company has dedicated $100,000 to support local veterans organizations and first responder groups in the communities in which it operates.

The stocks have a year to date performance of -18.55 percent and weekly performance of 1.15 percent. The stock has been moved at -43.75 percent over the last six months. The stock has performed -13.30 percent around the most recent 30 days and changed -11.09 percent over the most recent 3-months.

If compared to the average trading volume of 4.74M shares, PENN reached to a volume of 4674388 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $64.18 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.

Susquehanna have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Positive, with their previous recommendation back on February 09, 2022. While these analysts kept the previous recommendation, Loop Capital dropped their target price from $53 to $49. The new note on the price target was released on February 04, 2022, representing the official price target for Penn National Gaming Inc. stock. Previously, the target price had yet another drop from $79 to $51, while ROTH Capital kept a Neutral rating on PENN stock. On January 26, 2022, analysts decreased their price target for PENN shares from 80 to 71.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 2.89, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 11.07. Price to Free Cash Flow for PENN in the course of the last twelve months was 10.90 with Quick ratio for the last quarter at 2.00.

PENN stock trade performance evaluation

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 1.15. With this latest performance, PENN shares dropped by -13.30% in over the last four-week period, additionally sinking by -43.75% over the last 6 months – not to mention a drop of -66.08% 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 41.17, with the RSI for the last a single of trading hit 39.57, and the three-weeks RSI is set at 42.41 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 46.25, while it was recorded at 42.64 for the last single week of trading, and 63.16 for the last 200 days.

Penn National Gaming Inc. [PENN]: An insightful look at the core fundamentals

Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Penn National Gaming Inc. [PENN]: Insider Ownership positions

There are presently around $5,535 million, or 82.40% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: FMR LLC with ownership of 20,133,722, which is approximately -1.8% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 17,857,600 shares of the stock with an approximate value of $719.66 million in PENN stocks shares; and BLACKROCK INC., currently with $605.61 million in PENN stock with ownership of nearly 6.127% of the company’s market capitalization.

330 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 18,561,047 shares. Additionally, 338 investors decreased positions by around 22,440,234 shares, while 79 investors held positions by with 96,335,380 shares. The mentioned changes placed institutional holdings at 137,336,661 shares, according to the latest SEC report filing. PENN stock had 103 new institutional investments in for a total of 2,297,282 shares, while 167 institutional investors sold positions of 15,308,121 shares during the same period.