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Tuesday, March 21, 2023

Value Investing Philosophy And PENN Entertainment Inc. (NASDAQ: PENN)?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PENN Entertainment Inc. (PENN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.17, or -0.56%, to $30.15. The PENN Entertainment Inc. has recorded 24,393 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted M Resort Spa Casino Deploys Knightscope (Nasdaq: KSCP) K5 Security Robot.

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Stocks Info

This NASDAQ-listed company operates within the Resorts & Casinos industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $30.32 and fluctuated between $31.47 as its day high and $30.18 as its day low. The current market capitalization of PENN Entertainment Inc. is $4.72B. A total of 2.37 million shares were traded on the day, compared to an average of 2.20M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PENN has seen 16 BUY and 4 SELL insider trades, representing the acquisition of 352,283 and the disposition of 209,308 shares. Over the last 12 months, there were 25 BUYs and 12 SELLs from insiders. Insiders purchased 465,611 shares during that period but sold 322,927.

In the most recent transaction, Reibstein Saul sold 39,457 shares of PENN for 33.39 per share on Feb 06. After the transaction, the Director now owns 37,055 company shares. In a previous transaction on Dec 27, Snowden Jay A sold 163,475 shares at 30.12 per share. PENN shares that President and CEO owns now total 604,527.

Among the insiders who sold shares, Reibstein Saul disposed of 5,086 shares on Aug 15 at a per-share price of $38.03. This resulted in the Director holding 34,663 shares of PENN after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PENN in the last 3 months, the mean price target is $41.89 with high estimates of $65.00 and low estimates of $31.00. In terms of 52-week highs and lows, PENN has a high of $48.52 and a low of $25.49.

As of this writing, PENN has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.22. The company reported an EPS of $0.72 in the last quarter, which was 89.50% higher than expectations of $0.38.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 3.69. A total of 9 analysts rated the stock as Buy while 2 rated it as Overweight while 8 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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