PENN Entertainment Inc [NASDAQ: PENN] slipped around -0.95 points on Tuesday, while shares priced at $18.91 at the close of the session, down -4.78%.
Compared to the average trading volume of 2.84M shares, PENN reached a trading volume of 5564166 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $22.65 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 2.27. 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.
BofA Securities have made an estimate for PENN Entertainment Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 13, 2024. The new note on the price target was released on June 25, 2024, representing the official price target for PENN Entertainment Inc stock. Previously, the target price had yet another raise to $30, while Craig Hallum analysts kept a Buy rating on PENN stock.
The Average True Range (ATR) for PENN Entertainment Inc is set at 0.85, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 5.64.
How has PENN stock performed recently?
PENN Entertainment Inc [PENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.09. With this latest performance, PENN shares dropped by -7.71% in over the last four-week period, additionally plugging by 9.12% over the last 6 months – not to mention a drop of -20.75% 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 38.40, with the RSI for the last a single of trading hit 31.16, and the three-weeks RSI is set at 42.69 for PENN Entertainment Inc [PENN]. The present Moving Average for the last 50 days of trading for this stock 19.82, while it was recorded at 20.52 for the last single week of trading, and 18.47 for the last 200 days.
PENN Entertainment Inc [PENN]: Deeper insight into the fundamentals
PENN Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.94.
Earnings analysis for PENN Entertainment Inc [PENN]
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 -6.78%.
Insider trade positions for PENN Entertainment Inc [PENN]
There are presently around $99.45%, or 100.57%% 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%.
