PENN Entertainment Inc (NASDAQ:PENN) price on current trading day, fall -1.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.20.
A look at the stock’s price movement, the level at last check in today’s session was $20.41. Turning to its 52-week performance, $23.08 and $13.50 were the 52-week high and 52-week low respectively. Overall, PENN moved -0.66% over the past month.
PENN Entertainment Inc’s market cap currently stands at around $3.08 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.73B for the company’s revenue for the quarter, with a low and high estimate of 1.69B and 1.82B respectively. The average forecast suggests up to a 7.91% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.94B, representing a 5.57% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PENN is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 17 recommend PENN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PENN’s current price about -4.73% and 0.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.99, while 7-day volatility ratio is 4.65% and 3.67% in the 30-day chart. Further, PENN Entertainment Inc (PENN) has a beta value of 2.20, and an average true range (ATR) of 0.88. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $19 and high of $28. Looking at the price targets, the low is 5.94% off recent price level in today’s trading while to achieve the yearly target high, it has to move -38.61%. Nonetheless, investors will most likely welcome a 0.99% jump to $20 which is the analysts’ median price.
If we refocus on PENN Entertainment Inc (NASDAQ:PENN), historical trading data shows that trading volumes averaged 4.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 152.16 million shares.
The 1.42% of PENN Entertainment Inc’s shares are in the hands of company insiders while institutional holders own 96.72% of the company’s shares. Current price change has pushed the stock 1.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PENN stock continues to rise going into the next quarter.
