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How to buy Penn National Gaming stock | 70.91

Own Penn National Gaming stock in just a few minutes.


Fact checked

Penn National Gaming, Inc is a resorts & casinos business based in the US. Penn National Gaming shares (PENN) are listed on the NASDAQ and all prices are listed in US Dollars. Penn National Gaming employs 13,000 staff and has a trailing 12-month revenue of around USD$4.1 billion.

How to buy shares in Penn National Gaming

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Penn National Gaming. Find the stock by name or ticker symbol: PENN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Penn National Gaming reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$70.91, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Penn National Gaming, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Penn National Gaming. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Penn National Gaming's share price?

Since the stock market crash in March caused by coronavirus, Penn National Gaming's share price has had significant positive movement.

Its last market close was USD$70.91, which is 46.68% up on its pre-crash value of USD$37.81 and 1,790.93% up on the lowest point reached during the March crash when the shares fell as low as USD$3.75.

If you had bought USD$1,000 worth of Penn National Gaming shares at the start of February 2020, those shares would have been worth USD$327.61 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$2,370.52.

Penn National Gaming share price

Use our graph to track the performance of PENN stocks over time.

Penn National Gaming shares at a glance

Information last updated 2020-10-21.
Latest market closeUSD$70.91
52-week rangeUSD$3.75 - USD$76.62
50-day moving average USD$66.2911
200-day moving average USD$39.9096
Wall St. target priceUSD$74.14
PE ratio 77.4324
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.801

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Penn National Gaming stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Penn National Gaming price performance over time

Historical closes compared with the close of $70.91 from 2020-10-16

1 week (2020-10-15) 2.26%
1 month (2020-09-22) -4.64%
3 months (2020-07-22) 97.36%
6 months (2020-04-22) 433.96%
1 year (2019-10-22) 241.41%
2 years (2018-10-22) 163.51%
3 years (2017-10-20) 182.17%
5 years (2015-10-22) 322.84%

Is Penn National Gaming under- or over-valued?

Valuing Penn National Gaming stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Penn National Gaming's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Penn National Gaming's P/E ratio

Penn National Gaming's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 77x. In other words, Penn National Gaming shares trade at around 77x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Penn National Gaming's EBITDA

Penn National Gaming's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$641.3 million.

The EBITDA is a measure of a Penn National Gaming's overall financial performance and is widely used to measure a its profitability.

Penn National Gaming financials

Revenue TTM USD$4.1 billion
Operating margin TTM 6.06%
Gross profit TTM USD$2.4 billion
Return on assets TTM 1.09%
Return on equity TTM -51.36%
Profit margin -21.16%
Book value $10.846
Market capitalisation USD$10.1 billion

TTM: trailing 12 months

Shorting Penn National Gaming shares

There are currently 16.8 million Penn National Gaming shares held short by investors – that's known as Penn National Gaming's "short interest". This figure is 20.4% up from 14.0 million last month.

There are a few different ways that this level of interest in shorting Penn National Gaming shares can be evaluated.

Penn National Gaming's "short interest ratio" (SIR)

Penn National Gaming's "short interest ratio" (SIR) is the quantity of Penn National Gaming shares currently shorted divided by the average quantity of Penn National Gaming shares traded daily (recently around 11.9 million). Penn National Gaming's SIR currently stands at 1.41. In other words for every 100,000 Penn National Gaming shares traded daily on the market, roughly 1410 shares are currently held short.

However Penn National Gaming's short interest can also be evaluated against the total number of Penn National Gaming shares, or, against the total number of tradable Penn National Gaming shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Penn National Gaming's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Penn National Gaming shares in existence, roughly 110 shares are currently held short) or 0.1191% of the tradable shares (for every 100,000 tradable Penn National Gaming shares, roughly 119 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Penn National Gaming.

Find out more about how you can short Penn National Gaming stock.

Penn National Gaming share dividends

We're not expecting Penn National Gaming to pay a dividend over the next 12 months.

Have Penn National Gaming's shares ever split?

Penn National Gaming's shares were split on a 4423:1000 basis on 4 November 2013. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 4423 shares. This wouldn't directly have changed the overall worth of your Penn National Gaming shares – just the quantity. However, indirectly, the new 77.4% lower share price could have impacted the market appetite for Penn National Gaming shares which in turn could have impacted Penn National Gaming's share price.

Penn National Gaming share price volatility

Over the last 12 months, Penn National Gaming's shares have ranged in value from as little as $3.75 up to $76.62. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Penn National Gaming's is 2.5924. This would suggest that Penn National Gaming's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Penn National Gaming overview

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia; and operates online casino under the name of iCasino in Pennsylvania. As of March 16, 2020, the company owned, managed, or had ownership interests in 41 gaming and racing properties in 19 jurisdictions. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Hollywood Poker, L'Auberge, M Resort, and MYCHOICE. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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