Penn National Gaming Inc. Insider Trading: What Did We Learn?

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Penn National Gaming Inc. (NASDAQ:PENN) price closed higher on Tuesday, June 14, jumping 1.75% above its previous close.

A look at the daily price movement shows that the last close reads $28.50, with intraday deals fluctuated between $28.405 and $29.6575. The company’s 5Y monthly beta was ticking 2.39 while its P/E ratio in the trailing 12-month period read 13.39. Taking into account the 52-week price action we note that the stock hit a 52-week high of $86.40 and 52-week low of $27.78. The stock subtracted -7.38% on its value in the past month.

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Penn National Gaming Inc., which has a market valuation of $5.10 billion, is expected to release its quarterly earnings report Feb 02, 2022 – Feb 07, 2022. Analysts tracking PENN have forecast the quarterly EPS to grow by 0.54 per share this quarter, while the same analysts predict the annual EPS to hit $1.86 for the year 2022 and up to $2.62 for 2023. In this case, analysts estimate an annual EPS growth of -25.00% for the year and 40.90% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $1.6 billion, with the likely lows of $1.53 billion and highs of $1.69 billion. The average estimate suggests sales growth for the quarter will likely rise by 3.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $6.36 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 7.70% above that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 3 upward and no downward reviews. On the technical perspective front, indicators give PENN a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 20 analysts have assigned PENN a recommendation rating as follows: 5 rate it as a Hold; 14 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Penn National Gaming Inc. (PENN) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that PENN’s price is at present -8.49% off the SMA20 and -16.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.84, with weekly volatility standing at 5.89%. The indicator jumps to 5.77% when calculated based on the past 30 days. Penn National Gaming Inc. (NASDAQ:PENN)’s beta value is holding at 2.32, while the average true range (ATR) indicator is currently reading 2.02. Considering analysts have assigned the stock a price target range of $38.00-$80.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $56.56. Based on this estimate, we see that current price is roughly -31.03% off the estimated low and -175.86% off the forecast high. Investors will no doubt be excited to see the share price fall to $56.00, which is the median consensus price, and at that level PENN would be -93.1% from current price.

Turning out attention to how the Penn National Gaming Inc. stock has performed in comparison to its peers in the industry, here’s what we find: PENN’s stock is 1.75% on the day and -63.09% in the past 12 months, while Las Vegas Sands Corp. (LVS) traded 5.46% in the last session and was positioned -40.56% down on its price 12 months ago. Another comparison is with DraftKings Inc. (DKNG) whose stock price was up 5.26% in the last trading session, and has flourished -76.07% over the past year. Also, MGM Resorts International (MGM) showed up trend of 2.69% while its price kept floating at -30.40% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.38% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.50%.

An analysis of the Penn National Gaming Inc. (NASDAQ:PENN) stock in terms of its daily trading volume indicates that the 3-month average is 4.12 million.

Current records show that the company has 168.20M in outstanding shares. The insiders’ percentage holdings are 0.60% of outstanding shares while the percentage share held by institutions stands at 79.90%. But the -44.07% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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