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. 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 -0.70%, to $24.23. The PENN Entertainment Inc has recorded 135,528 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ESPN BET Now Live in 17 States.
The company is listed on the NASDAQ and operates within the Resorts & Casinos industry segment. At the end of the last regular session, the stock closed at $24.40 and fluctuated between $24.56 as its day high and $23.87 as its day low. The current market capitalization of PENN Entertainment Inc is $3.70B. A total of 5.33 million shares were traded on the day, compared to an average of 4.94M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PENN has seen 5 BUY and 2 SELL insider trades, representing the acquisition of 48,284 and the disposition of 17,122 shares. Over the last 12 months, there were 30 BUYs and 20 SELLs from insiders. Insiders purchased 482,830 shares during that period but sold 294,549.
In the most recent transaction, SCACCETTI JANE bought 4,400 shares of PENN for 22.83 per share on Nov 06. After the transaction, the Director now owns 63,414 company shares. In a previous transaction on Sep 06, Hendrix Felicia bought 11,162 shares at 22.41 per share. PENN shares that EVP and CFO owns now total 27,975.
Among the insiders who bought shares, HANDLER DAVID A acquired of 19,562 shares on Aug 23 at a per-share price of $22.65. This resulted in the Director holding 207,072 shares of PENN after the transaction. In another insider transaction, HANDLER DAVID A bought 438 shares at $22.81 per share on Aug 22. Company shares held by the Director now total 187,510.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PENN in the last 3 months, the mean price target is $29.18 with high estimates of $38.00 and low estimates of $22.00. In terms of 52-week highs and lows, PENN has a high of $39.35 and a low of $18.35.
As of this writing, PENN has an earnings estimate of -$0.34 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.28 per share and a lower estimate of -$0.51. The company reported an EPS of $0.48 in the last quarter, which was 14.30% higher than expectations of $0.42.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PENN’s latest balance sheet shows that the firm has $1.86B in Cash & Short Term Investments as of fiscal 2021. There were $11.61B in debt and $1.13B in liabilities at the time. Its Book Value Per Share was $23.04, while its Total Shareholder’s Equity was $4.10B.
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. Currently, 0 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 Buy with a score of 3.47.