PENN Entertainment Inc (NASDAQ: PENN) In 2024: Is This Company Worth Thinking About Investing In?

In today’s recent session, 1.64 million shares of the PENN Entertainment Inc (NASDAQ:PENN) have been traded, and its beta is 2.11. Most recently the company’s share price was $19.95, and it changed around $0.12 or 0.63% from the last close, which brings the market valuation of the company to $3.04B. PENN at last check was trading at a discount to its 52-week high of $29.38, offering almost -47.27% off that amount. The share price’s 52-week low was $13.50, which indicates that the recent value has risen by an impressive 32.33% since then. We note from PENN Entertainment Inc’s average daily trading volume that its 3-month average coming to 7.04 million.

PENN Entertainment Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended PENN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.

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PENN Entertainment Inc (NASDAQ:PENN) trade information

Instantly PENN has been showing a green trend so far today with a performance of 0.63% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -23.31% year-to-date, but still up 14.68% over the last five days. On the other hand, PENN Entertainment Inc (NASDAQ:PENN) is 24.41% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $43.05, which translates to bulls needing to increase their stock price by 53.66% from its current value. Analyst projections state that PENN is forecast to be at a low of $17 and a high of $115.

PENN Entertainment Inc (PENN) estimates and forecasts

PENN Entertainment Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.99 percent over the past six months and at a 56.83% annual growth rate that is well above the industry average of 7.40%.

PENN Entertainment Inc earnings are expected to increase by 57.25% in 2024, but the outlook is positive 9.09% per year for the next five years.

PENN Dividends

PENN Entertainment Inc’s next quarterly earnings report is expected to be released in July.