PENN Entertainment Inc (NASDAQ:PENN) shares, rose in value on Thursday, March 27, with the stock price down by -1.38% to the previous day’s close as strong demand from buyers drove the stock to $17.12.
Actively observing the price movement in the last trading, the stock closed the session at $17.36, falling within a range of $17.025 and $17.39. The value of beta (5-year monthly) was 2.189. Referring to stock’s 52-week performance, its high was $23.08, and the low was $13.50. On the whole, PENN has fluctuated by -16.12% over the past month.
With the market capitalization of PENN Entertainment Inc currently standing at about $2.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.01B, with a low estimate of 1.68B and a high estimate of 1.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.71B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PENN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PENN currently trading nearly -4.31% and -13.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.27, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 5.25%. Furthermore, PENN Entertainment Inc (PENN)’s beta value is 1.94, and its average true range (ATR) is 0.81.
A comparison of PENN Entertainment Inc (PENN) with its peers suggests the former has fared considerably weaker in the market. PENN showed an intraday change of -1.38% in last session, and over the past year, it grew by 0.53%%.
Data on historical trading for PENN Entertainment Inc (NASDAQ:PENN) indicates that the trading volumes over the past 10 days have averaged 3.2 and over the past 3 months, they’ve averaged 4.54 million. According to company’s latest data on outstanding shares, there are 152.23 million shares outstanding.
Nearly 1.38% of PENN Entertainment Inc’s shares belong to company insiders and institutional investors own 96.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.07 million shares as on 2025-03-14, resulting in a short ratio of 3.63. According to the data, the short interest in PENN Entertainment Inc (PENN) stood at 1262.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 16.36 million. The stock has fallen by -13.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PENN stock heading into the next quarter.
