PENN Entertainment Inc [NASDAQ: PENN] stock went on an upward path that rose over 4.92% on Wednesday, amounting to a one-week price increase of more than 2.73%.
Over the last 12 months, PENN stock dropped by -0.69%. The one-year PENN Entertainment Inc stock forecast points to a potential upside of 18.99. The average equity rating for PENN stock is currently 2.14, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.60 billion, with 151.24 million shares outstanding and 148.62 million shares in the current float. Compared to the average trading volume of 3.94M shares, PENN stock reached a trading volume of 6088094 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $21.33 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 2.14. 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.
JP Morgan have made an estimate for PENN Entertainment Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 13, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on November 13, 2024, representing the official price target for PENN Entertainment Inc stock.
The Average True Range (ATR) for PENN Entertainment Inc is set at 0.68, 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 0.88, with the Price to Cash per share for the same quarter was set at 4.07.
PENN Stock Performance Analysis:
PENN Entertainment Inc [PENN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.73. With this latest performance, PENN shares gained by 11.84% in over the last four-week period, additionally sinking by -16.88% over the last 6 months – not to mention a drop of -0.69% in the past year of trading.
Insight into PENN Entertainment Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and PENN Entertainment Inc [PENN] shares currently have an operating margin of 3.55% and a Gross Margin at 27.22%. PENN Entertainment Inc’s Net Margin is presently recorded at -1.28%.
Return on Equity for this stock declined to -0.55%, with Return on Assets sitting at -0.55%.
PENN Entertainment Inc [PENN] Institutonal Ownership Details
There are presently around $99.76%, or 101.12%% 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 11.9169%. 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 9.5332%.
