In recent trading session, Penn National Gaming Inc. (NASDAQ:PENN) saw 0.7 million shares changing hands at last check today with its beta currently measuring 2.49. Company’s recent per share price level of $45.47 trading at -$0.26 or -0.58% at last check today assigns it a market valuation of $7.68B. That most recent trading price of PENN’s stock is at a discount of -212.29% from its 52-week high price of $142.00 and is indicating a premium of 4.64% from its 52-week low price of $43.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.77 million shares which gives us an average trading volume of 5.44 million if we extend that period to 3-months.
For Penn National Gaming Inc. (PENN), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 20 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.54 in the current quarter.
Penn National Gaming Inc. (NASDAQ:PENN) trade information
Upright in the red during last session for losing -0.58%, in the last five days PENN remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $45.47 price level, adding 7.52% to its value on the day. Penn National Gaming Inc.’s shares saw a change of -11.80% in year-to-date performance and have moved -2.41% in past 5-day. Penn National Gaming Inc. (NASDAQ:PENN) showed a performance of -1.97% in past 30-days. Number of shares sold short was 9.55 million shares which calculate 2.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $75.28 to the stock, which implies a rise of 39.6% to its recent value today. Analysts have been projecting $38.00 as a low price target for the stock while placing it at a high target of $128.00. It follows that stock’s current price would drop -181.5% in reaching the projected high whereas dropping to the targeted low would mean a gain of 16.43% for stock’s current value.
Penn National Gaming Inc. (PENN) estimates and forecasts
Statistics highlight that Penn National Gaming Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -30.93% of value to its shares in past 6 months, showing an annual growth rate of 152.80% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 671.40% in the current quarter and calculating -14.50% decrease in the next quarter. This year revenue growth is estimated to rise 63.00% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.5 billion for the same. And 14 analysts are in estimates of company making revenue of $1.47 billion in the next quarter that will end on Mar 2022. Company posted $1.03 billion and $1.14 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 46.10% while estimating it to be 29.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 36.33% during past 5 years.
Penn National Gaming Inc. is more likely to be releasing its next quarterly report between February 02 and February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Penn National Gaming Inc. (NASDAQ:PENN)’s Major holders
Insiders are in possession of 1.58% of company’s total shares while institution are holding 80.57 percent of that, with stock having share float percentage of 81.86%. Investors also watch the number of corporate investors in a company very closely, which is 80.57% institutions for Penn National Gaming Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at PENN for having 20.37 million shares of worth $1.48 billion. And as of Sep 29, 2021, it was holding 12.01% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 16.49 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.73% of outstanding shares, having a total worth of $1.2 billion.
On the other hand, Fidelity Blue Chip Growth Fund and Baron Growth Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 6.42 million shares of worth $459.32 million or 3.78% of the total outstanding shares. The later fund manager was in possession of 5.86 million shares on Sep 29, 2021, making its stake of worth around $424.62 million in the company or a holder of 3.46% of company’s stock.