The Question Is Whether To Buy Or Not To Buy PENN Entertainment Inc (NASDAQ: PENN)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that PENN Entertainment Announces Interactive Leadership Transition Scheduled for April 2024.

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Stocks Info

PENN Entertainment Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Resorts & Casinos industry. The current market capitalization of PENN Entertainment Inc is $3.53B. A total of 4.46 million shares were traded on the day, compared to an average of 0.86 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PENN has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 219,222 and the disposition of 172,930 shares. Over the last 12 months, there were 16 BUYs and 17 SELLs from insiders. Insiders purchased 354,169 shares during that period but sold 258,171.

In the most recent transaction, Rogers Christopher Byron sold 5,017 shares of PENN for 25.23 per share on Jan 03. After the transaction, the EVP and Chief Strategy Officer now owns 30,214 company shares. In a previous transaction on Dec 26, Snowden Jay A sold 172,930 shares at 25.25 per share. PENN shares that President and CEO owns now total 689,072.

Among the insiders who bought shares, SCACCETTI JANE acquired of 4,400 shares on Nov 06 at a per-share price of $22.83. This resulted in the Director holding 63,414 shares of PENN after the transaction. In another insider transaction, Hendrix Felicia bought 11,162 shares at $22.41 per share on Sep 06. Company shares held by the EVP and CFO now total 27,975.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PENN in the last 3 months, the mean price target is $30.04 with high estimates of $38.00 and low estimates of $23.00. In terms of 52-week highs and lows, PENN has a high of $33.85 and a low of $18.35.

As of this writing, PENN has an earnings estimate of $PennantPark Floating Rate Capit per share for the current quarter. EPS was calculated based on a consensus of PENN Entertainment, Inc. estimates, with a high estimate of $PennyMac Mortgage Investment Tr per share and a lower estimate of $PennantPark Investment Corporat.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.69.

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