How to Buy Penn Entertainment Stock
Penn Entertainment Inc
PENN Entertainment, Inc. , together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America.
Penn Entertainment stock last closed at $16.93, up 2.36% from the previous day, and has decreased 42.78% in one year. It has underperformed other stocks in the Resorts & Casinos industry by 0.27 percentage points. Penn Entertainment stock is currently +6.64% from its 52-week low of $15.88, and -46.47% from its 52-week high of $31.63.
As of Apr 22, 2024, there are 152.42M shares of PENN outstanding. The market capitalization of PENN is $2.58B. In the last 24 hours, 5.79M PENN shares were traded.
How to Buy Penn Entertainment Stock
Not sure how to invest in Penn Entertainment stock? Here's how.
- Decide where to buy Penn Entertainment stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Penn Entertainment stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Research Penn Entertainment stock: The Penn Entertainment ticker symbol is PENN. Is Penn Entertainment stock a good investment? Should you buy shares of PENN? How do PENN's underlying business fundamentals look? Do top analysts think Penn Entertainment is a good buy? Why has PENN's stock price moved recently? (Hint: Our stock market research website can help you understand if PENN is a good stock to buy).
- Place your PENN purchase: Decide if you will purchase PENN shares at the current market price or use a limit order to buy PENN shares at a particular price.
- Keep tabs on your investment in PENN: Create a watchlist to important notifications about your new investment in Penn Entertainment shares.
Step 1: Decide where to buy Penn Entertainment stock
You will need an online brokerage account in order to access the NASDAQ market and buy PENN shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
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- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to buy PENN stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on our top ranked stock trading app, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Research Penn Entertainment stock
After you have chosen the best place to buy Penn Entertainment stock, it's very important to research their stock before you invest, so you actually understand the risk and opportunity.
Penn Entertainment Metrics
Fundamentals of PENN
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PENN's stock page.
Is PENN stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge PENN's intrinsic value.
Using relative valuations ratios:
- PENN may be undervalued based on its P/B ratio of 0.81x, relative to Resorts & Casinos industry P/B ratio of 4.29x
You can access additional valuation analysis on PENN's stock here.
A look at PENN Cashflows and Balance Sheet
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the PENN balance sheet.
- Total PENN debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- PENN profit margin has gone down from 3.5% to -7.7% in the past year.
- PENN has a relatively high debt to equity ratio of 4.02.
- PENN earnings of -$33.50M is not sufficient to cover its interest payments.
- PENN's operating cash flow of $455.90M allows it to safely service it's debt of $11.54B.
- There are more long-term liabilities than short-term assets on the PENN balance sheet.
Is Penn Entertainment stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 sell side analysts who give forecasts on PENN, the consensus analyst rating on Penn Entertainment is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest PENN Analyst Upgrades/Downgrades
Chad Beynon, a bottom 14% analyst from Macquarie maintains PENN with a buy rating and lowers their PENN price target from $35.00 to $33.00, on Feb 16, 2024.
Bernie McTernan, a bottom 1% analyst from Needham maintains PENN with a buy rating and lowers their PENN price target from $33.00 to $32.00, on Feb 16, 2024.
Shaun Kelley, a bottom 14% analyst from Bank of America upgrades PENN to a strong buy rating and raises their PENN price target from $27.00 to $30.00, on Nov 20, 2023.
You can dig deeper into what analysts are projecting on the Penn Entertainment stock forecast page.
Metrics for Advanced PENN Traders
Is PENN Growing Revenue?
Last year, PENN revenue was $6.36B. Over the last five year, PENN's revenue has increased by 12.14% per year. This was faster than the Resorts & Casinos industry average of 4.38%.
Dive into PENN's earnings and revenue performance here.
What are PENN executives and large shareholders up to?
In the past 12 months, executives and large shareholders at PENN have bought more shares than they have sold.
Christopher Byron Rogers, EVP and Chief Strategy Officer of PENN, was the latest PENN insider to sell. They sold $40,572.00 worth of PENN shares on Feb 29, 2024.
Research more about who owns PENN stock here.
Can I get consistent income from PENN stock?
No, Penn Entertainment doesn't provide an income stream by paying out dividends.
PENN Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your PENN purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and your broker will place the order.
If you require more help buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in PENN
Now that you own some PENN shares, you'll want to stay up-to-date on your new company.
Put PENN on a watchlist to track the latest developments regarding your PENN stock.
PENN Feed
How to Buy Stock in Penn Entertainment
To summarize, here are the 6 steps you need to take to buy Penn Entertainment stock right now:
- Decide where to buy Penn Entertainment stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Penn Entertainment stock
- Place your PENN purchase
- Keep tabs on your investment in PENN
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Penn Entertainment, create your watchlist below.
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