PENN Entertainment Inc [NASDAQ: PENN] loss -0.58% on the last trading session, reaching $18.70 price per share at the time.
If compared to the average trading volume of 3.84M shares, PENN reached a trading volume of 5014472 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $22.81 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 2.24. 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.
Raymond James have made an estimate for PENN Entertainment Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 25, 2024. The new note on the price target was released on June 21, 2024, representing the official price target for PENN Entertainment Inc stock. Previously, the target price had yet another raise to $20, while Raymond James analysts kept a Outperform rating on PENN stock. On May 13, 2024, analysts decreased their price target for PENN shares from 28 to 17.50.
The Average True Range (ATR) for PENN Entertainment Inc is set at 0.84, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 5.89.
Trading performance analysis for PENN stock
PENN Entertainment Inc [PENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.69. With this latest performance, PENN shares dropped by -3.95% in over the last four-week period, additionally plugging by 5.12% over the last 6 months – not to mention a drop of -15.42% 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 46.74, with the RSI for the last a single of trading hit 43.32, and the three-weeks RSI is set at 48.32 for PENN Entertainment Inc [PENN]. The present Moving Average for the last 50 days of trading for this stock 18.89, while it was recorded at 19.43 for the last single week of trading, and 19.36 for the last 200 days.
PENN Entertainment Inc [PENN]: A deeper dive into fundamental analysis
PENN Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.
PENN Entertainment Inc [PENN]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at PENN Entertainment Inc [PENN]
There are presently around $102.84%, or 103.99%% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: BLACKROCK INC. with ownership of 18.13 million shares, which is approximately 11.9326%. VANGUARD GROUP INC, holding 16.5 million shares of the stock with an approximate value of $$319.29 million in PENN stocks shares; and VANGUARD GROUP INC, currently with $$280.65 million in PENN stock with ownership which is approximately 9.5458%.
