In the past week, PARA stock has gone down by -7.13%, with a monthly decline of -34.18% and a quarterly plunge of -38.31%. The volatility ratio for the week is 4.25%, and the volatility levels for the last 30 days are 5.03% for Paramount Global. The simple moving average for the past 20 days is -19.11% for PARA’s stock, with a -29.69% simple moving average for the past 200 days.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
The 36-month beta value for PARA is also noteworthy at 1.70. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 13 rating it as “sell.”
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The average price estimated by analysts for PARA is $18.75, which is $4.62 above than the current price. The public float for PARA is 584.77M, and at present, short sellers hold a 15.66% of that float. The average trading volume of PARA on May 24, 2023 was 13.01M shares.
PARA) stock’s latest price update
Paramount Global (NASDAQ: PARA)’s stock price has gone decline by -3.08 in comparison to its previous close of 14.92, however, the company has experienced a -7.13% decrease in its stock price over the last five trading days. Barrons Online reported on 05/06/23 that Buffett Says Streaming Remains a Challenging Business, Sticks With Paramount
PARA Trading at -27.70% 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 -58.09% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares sank -32.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.12% lower at present.
During the last 5 trading sessions, PARA fell by -6.75%, which changed the moving average for the period of 200-days by -42.41% in comparison to the 20-day moving average, which settled at $17.52. In addition, Paramount Global saw -14.34% 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 REDSTONE SHARI, who purchase 165,000 shares at the price of $15.06 back on May 16. After this action, REDSTONE SHARI now owns 577,064 shares of Paramount Global, valued at $2,485,560 using the latest closing price.
Stock Fundamentals for PARA
Current profitability levels for the company are sitting at:
- +9.52 for the present operating margin
- +32.84 for the gross margin
The net margin for Paramount Global stands at +2.40. The total capital return value is set at 6.85, while invested capital returns managed to touch 1.77. Equity return is now at value -2.20, with -0.90 for asset returns.
Based on Paramount Global (PARA), the company’s capital structure generated 76.25 points at debt to equity in total, while total debt to capital is 43.26. Total debt to assets is 30.08, with long-term debt to equity ratio resting at 73.95. Finally, the long-term debt to capital ratio is 41.96.
When we switch over and look at the enterprise to sales, we see a ratio of 0.81, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 4.19 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In summary, Paramount Global (PARA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
