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Wednesday, February 1, 2023

What Are The Chances Of PENN Entertainment Inc. (NASDAQ: PENN) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for PENN Entertainment Inc. (PENN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.26%, to $31.24. The PENN Entertainment Inc. has recorded 43,275 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that PENN Entertainment Expands STEM Scholarship Program in Partnership with Historically Black Colleges and Universities.

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Stocks Info

As a NASDAQ listed company, PENN falls under the Consumer Cyclical sector while operating within the Resorts & Casinos industry segment. At the end of the last regular session, the stock closed at $31.16 and fluctuated between $31.18 as its day high and $29.56 as its day low. The current market capitalization of PENN Entertainment Inc. is $4.79B. A total of 2.53 million shares were traded on the day, compared to an average of 2.80M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PENN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 15 SELLs from insiders. Insiders purchased 156,527 shares during that period but sold 141,004.

In the most recent transaction, Snowden Jay A sold 163,475 shares of PENN for 30.12 per share on Dec 27. After the transaction, the President and CEO now owns 604,527 company shares. In a previous transaction on Aug 15, Reibstein Saul sold 5,086 shares at 38.03 per share. PENN shares that Director owns now total 34,663.

Among the insiders who bought shares, SCACCETTI JANE acquired of 1,975 shares on Feb 17 at a per-share price of $49.70. This resulted in the Director holding 50,569 shares of PENN after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PENN in the last 3 months, the mean price target is $46.28 with high estimates of $80.00 and low estimates of $32.00. In terms of 52-week highs and lows, PENN has a high of $51.72 and a low of $25.49.

As of this writing, PENN has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.8 per share and a lower estimate of $0.13. The company reported an EPS of $0.28 in the last quarter, which was -34.90% lower than expectations of $0.43.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PENN is Underweight with a score of 4.07. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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