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PENN Entertainment Inc. (PENN) Should Be Considered Now, Despite A Loss Of -68.49% From High

PENN Entertainment Inc. (NASDAQ:PENN) at last check was buoying at $25.73 on Friday, September 23, with a fall of -3.81% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $26.75 and 5Y monthly beta was reading 2.26 with its price kept floating in the range of $26.53 and $29.14 on the day. Company’s P/E ratio for the trailing 12 months is 22.98. Considering stock’s 52-week price range provides that PENN hit a high price of $81.66 and saw its price falling to a low level of $26.46 during that period. Over a period of past 1-month, stock came subtracting -19.21% in its value.

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With its current market valuation of $4.27 billion, PENN Entertainment Inc. is set to declare its quarterly results on Feb 02, 2022 – Feb 07, 2022. Analysts are in estimates of $0.56 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $1.87 for 2022 with estimates of that growing to $2.59 in next year. These estimates are suggesting current year growth of -24.60% for EPS and 38.50% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $1.61 billion. They suggested that in the process company could generate revenue of as low as $1.57 billion which could climb up to $1.69 billion to hit a high. The average estimate is representing an increase of 3.90% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $6.36 billion in 2022, which will be 7.60% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review PENN stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the PENN stock which is currently positioned at 4.07. It further provides that stock’s current price level is -17.60% away from its 20-day simple moving average and is -22.44% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 26.38 while volatility remained at 6.00% over the past week which changes to 4.90% when measuring it over the past month. Beta is valued at 2.23, while measure of average true range or ATR is currently at 1.55.

In comparing PENN Entertainment Inc. (PENN)’s stock with other industry players reveals that stock’s latest price change of -3.81% and that of -63.72% over the past 12 months is in competing position with that of Las Vegas Sands Corp. (LVS) which saw its stock price fall by -1.87% in the recent trading and went through a decrease of -2.30% in past 12-month trading. Industry’s another major player DraftKings Inc. (DKNG) has fall -3.98% down in latest trading session, but over the past year has faced afall of -70.40%, while MGM Resorts International (MGM) was also down -2.98% however its price remained floating in the red at -28.85% over the same period. PENN Entertainment Inc. has a P/E ratio of 22.98. On the other hand, the S&P 500 Index is down -1.68% in the early deals today while the Dow Jones Industrial was dealinglower at -1.44%.

Having a second look at PENN Entertainment Inc. (NASDAQ:PENN) provides that stock’s average daily trading volume for 3 months was 3.66 million, while it jumped to 7.2 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 164.80 million.

The percentage of outstanding shares held by the insiders is 0.67% while it is 84.60% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 9.44 million which implies a short ratio of 2.37. This shows up a 5.66% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 7.9 million in the previous month. Subtraction of -48.41% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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