Penn National Gaming, Inc. (NASDAQ:PENN):- 1.87 Beta Check and Performance Review

After looking for stocks with higher betas, we can see that Penn National Gaming, Inc. (NASDAQ:PENN) has a current beta of 1.87. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 20.74. From the session open, shares have moved -0.53%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

Investors often have a large selection of stocks to research when looking to add to the portfolio. Investors have the ability to employ many different strategies to help beat the stock market. In the end, the main goal is typically to maximize profits while minimizing risk. Investors commonly strive to diversify the portfolio in order to minimize risk. Most serious investors are well aware of the risks when entering the equity market. Investors may choose to own stocks across multiple industries to keep from having all the eggs in one basket. Others may choose companies of different size, and even delve into foreign markets.  Finding those hidden gems in the stock market may not be the easiest of chores. Investors may have to spend many hours doing the research and crunching the numbers.

After a recent check, Penn National Gaming, Inc. (NASDAQ:PENN) shares have been seen trading -5.94% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading -23.72% off of that mark. Looking at the 200-day moving average, shares have been trading -30.92% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Penn National Gaming, Inc. (NASDAQ:PENN). Stock price performance for the past week is currently noted at -2.95%. If we look back to the beginning of the calendar year, shares have performed -33.80%. Looking back over the past full-year, shares have performed -24.25%. Over the past month, the stock has performed -12.64%. Over the last quarter, the stock has performed -39.97%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 3.68% for the week, and 6.22% for the past month.

Occasionally, investors may feel like they are riding on a wild roller coaster when dealing with the stock market. Controlling emotions when taking the ride may assist with making necessary decisions when the time comes. Many investors choose to do thorough research when purchasing any stock. Knowing what is owned and why it is owned may help ease the mind when things get sticky. When the market is riding high and there is generally smooth sailing on the investing seas, individual investors may have the tendency to get complacent. Being prepared for any situation may help ease the stress of big market decision making. There may be a time when it seems like everything is going off the rails, but having an actual game plan for management and recovery could make a huge difference both financially and psychologically.  

We are also noting that Penn National Gaming, Inc. (NASDAQ:PENN) was recently seen trading -40.26% away from the 50-day high and 10.55% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -43.79%, and the distance from the 52-week low is currently 10.55%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $32.92. The consensus recommendation provided by covering sell-side analysts is currently 2.20. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Investors looking to make big gains in the equity market may be looking to fine tune an existing strategy or create a whole new one. It may sound quite easy, buy low and sell high. Obviously, navigating the stock market typically entails much more than that. Identifying market tops and correction levels may be very difficult. Of course, it always hurts to take a loss, but figuring out how to shrink losses can help keep the ship afloat during turbulent market conditions. The situation for the average investor may vary greatly from one person to the next. Some investors will be working with a short-term plan, while other may be focused on a longer-term investment horizon. Goals may also vary from individual to individual. Keeping these goals in sight may help clear up the sometimes foggy investing waters, and provide clarity for creating a winning portfolio. 

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