PENN Entertainment Inc [NASDAQ: PENN] price surged by 3.24 percent to reach at $0.5.
The one-year PENN stock forecast points to a potential upside of 30.28. The average equity rating for PENN stock is currently 2.19, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on PENN Entertainment Inc [PENN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $22.82 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 2.19. 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.
Truist have made an estimate for PENN Entertainment Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Hold. The new note on the price target was released on April 16, 2024, representing the official price target for PENN Entertainment Inc stock. Previously, the target price had yet another raise to $29, while Mizuho analysts kept a Buy rating on PENN stock. On November 20, 2023, analysts increased their price target for PENN shares from 27 to 30.
The Average True Range (ATR) for PENN Entertainment Inc is set at 0.86, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 0.79, with the Price to Cash per share for the same quarter was set at 6.08.
PENN Stock Performance Analysis:
PENN Entertainment Inc [PENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.81. With this latest performance, PENN shares dropped by -9.03% in over the last four-week period, additionally sinking by -29.97% over the last 6 months – not to mention a drop of -39.83% 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 42.16, with the RSI for the last a single of trading hit 42.98, and the three-weeks RSI is set at 41.83 for PENN Entertainment Inc [PENN]. The present Moving Average for the last 50 days of trading for this stock 17.37, while it was recorded at 15.58 for the last single week of trading, and 21.69 for the last 200 days.
Insight into PENN Entertainment Inc Fundamentals:
PENN Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.04.
PENN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PENN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PENN Entertainment Inc go to 9.09%.
PENN Entertainment Inc [PENN] Institutonal Ownership Details
The top three institutional holders of PENN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PENN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PENN stock with ownership which is approximately 5.8386%.
