Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. PENN Entertainment Inc’s current trading price is -30.86% away from its 52-week high, while its distance from the 52-week low is 39.33%. The stock’s price range during this period has varied between $13.50 and $27.20. The company, active in the Consumer Cyclical sector, saw a trading volume of around 3.47 million for the day, considerably lower average daily volume of 3.88 million observed over the last three months.
PENN Entertainment Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $27.20 on 12/28/23, and the lowest price during that time was $13.50, recorded on 05/02/24.
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How Financial Performance Impacts Market Capitalization
PENN Entertainment Inc (PENN) has experienced a quarterly rise of 3.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.87B and boasts a workforce of 23333 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.20, with a change in price of +2.37. Similarly, PENN Entertainment Inc recorded 5,380,377 in trading volume during the last 100 days, posting a change of +14.42%.
How PENN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PENN stands at 3.73. Similarly, the long-term debt-to-equity ratio is also 3.59.
PENN Stock Stochastic Average
As of today, the raw stochastic average of PENN Entertainment Inc over the past 50 days is 60.96%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 52.49%. Additionally, the Stochastic %K and %D values for the company were 71.75% and 80.34%, respectively, over the past 20 days.
PENN Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -27.71%. However, over the past six months, we’ve seen a weaker performance of 10.45%. The price of PENN leaped by -3.88% over the last 30 days. And in the last five days, it has fallen by -4.90%.
