Checking the Overall Picture for Penn National Gaming, Inc. (PENN)

Penn National Gaming, Inc. (NASDAQ:PENN) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $13.45, up from yesterday’s close by 0.67%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Penn National Gaming, Inc. (PENN) currently trades with a market capitalization of $1.12B. That value represents a market adjusting for revenues that have been growing by 2.80% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PENN, the company currently has $201.77M of cash on the books, which is offset by $5.20B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $207.14M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -0.14 on a per share basis this quarter. Perhaps, that suggests something about why 104.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Penn National Gaming, Inc. recorded a 52-week high of 17.40. It is now trading 4.04 off that level. The stock is trading 13.97 its 50-day moving average by 0.61. The stock carved out a 52-week low down at 11.93.

In recent action, Penn National Gaming, Inc. (PENN) has made a move of -5.94% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 25.82, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 70.44M with 7.80% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PENN.

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