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Daily High to Daily Low: Is It Safe to Buy Paramount Global (PARA)?

Paramount Global (NASDAQ:PARA) went up by 2.72% from its latest closing price compared to the recent 1-year high of $39.21. The company’s stock price has collected 8.38% of gains in the last five trading sessions. The Wall Street Journal reported on 11/21/22 that Paramount Global Terminates Deal to Sell Simon & Schuster to Penguin Random House

Is It Worth Investing in Paramount Global (NASDAQ :PARA) Right Now?

Paramount Global (NASDAQ:PARA) scored a price-to-earnings ratio above its average ratio, recording 4.64 x from its present earnings ratio. Plus, the 36-month beta value for PARA is at 1.51. Opinions of the stock are interesting as 7 analysts out of 28 who provided ratings for Paramount Global declared the stock was a “buy,” while 0 rated the stock as “overweight,” 11 rated it as “hold,” and 10 as “sell.”

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PARA currently public float of 584.83M and currently shorts hold a 12.05% ratio of that float. Today, the average trading volume of PARA was 12.01M shares.

PARA’s Market Performance

PARA stocks went up by 8.38% for the week, with a monthly drop of -0.05% and a quarterly performance of -24.21%, while its annual performance rate touched -40.33%. The volatility ratio for the week stands at 4.21% while the volatility levels for the past 30 days are set at 5.97% for Paramount Global. The simple moving average for the period of the last 20 days is 9.99% for PARA stocks with a simple moving average of -26.91% for the last 200 days.

Analysts’ Opinion of PARA

Many brokerage firms have already submitted their reports for PARA stocks, with Wells Fargo repeating the rating for PARA by listing it as a “Underweight.” The predicted price for PARA in the upcoming period, according to Wells Fargo is $13 based on the research report published on October 31st of the current year 2022.

Wells Fargo, on the other hand, stated in their research note that they expect to see PARA reach a price target of $19, previously predicting the price at $40. The rating they have provided for PARA stocks is “Equal Weight” according to the report published on October 04th, 2022.

JP Morgan gave a rating of “Underweight” to PARA, setting the target price at $25 in the report published on August 05th of the current year.

PARA Trading at 2.87% from the 50-Day Moving Average

After a stumble in the market that brought PARA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.86% of loss for the given period.

Volatility was left at 5.97%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares surge +1.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.31% lower at present.

During the last 5 trading sessions, PARA rose by +8.38%, which changed the moving average for the period of 200-days by -43.06% in comparison to the 20-day moving average, which settled at $17.89. In addition, Paramount Global saw -34.86% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PARA starting from NATIONAL AMUSEMENTS INC /MD/, who purchase 646,764 shares at the price of $32.37 back on May 17. After this action, NATIONAL AMUSEMENTS INC /MD/ now owns 32,012,190 shares of Paramount Global, valued at $20,935,233 using the latest closing price.

Stock Fundamentals for PARA

Current profitability levels for the company are sitting at:

  • +14.18 for the present operating margin
  • +36.56 for the gross margin

The net margin for Paramount Global stands at +15.33. Equity return is now at value 13.60, with 5.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.