In the past week, PARA stock has gone up by 5.19%, with a monthly gain of 4.68% and a quarterly plunge of -13.84%. The volatility ratio for the week is 4.86%, and the volatility levels for the last 30 days are 4.70% for Paramount Global The simple moving average for the past 20 days is 8.23% for PARA’s stock, with a -24.20% simple moving average for the past 200 days.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
compared to its average ratio and a 36-month beta value of 1.82.
The public float for PARA is 576.60M, and currently, short sellers hold a 14.77% ratio of that float. The average trading volume of PARA on November 17, 2023 was 12.25M shares.
PARA) stock’s latest price update
Paramount Global (NASDAQ: PARA)’s stock price has decreased by -3.11 compared to its previous closing price of 13.17. However, the company has seen a 5.19% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-16 that Office REITs have been heavily impacted by the work-from-home trend, resulting in a YTD loss of over 20%. Office REITs had the third-worst performance of any REIT sector in Q3 earnings season, with a 14% decline in FFO from a year ago. Major markets with long commute times, such as San Francisco and New York City, are experiencing ongoing softness in demand for office space.
Analysts’ Opinion of PARA
Many brokerage firms have already submitted their reports for PARA stocks, with BofA Securities repeating the rating for PARA by listing it as a “Underperform.” The predicted price for PARA in the upcoming period, according to BofA Securities is $9 based on the research report published on November 06, 2023 of the current year 2023.
PARA Trading at 3.28% 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 -50.79% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares surge +8.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.00% lower at present.
During the last 5 trading sessions, PARA rose by +5.19%, which changed the moving average for the period of 200-days by -47.70% in comparison to the 20-day moving average, which settled at $11.84. In addition, Paramount Global saw -24.41% in overturn over a single year, with a tendency to cut further losses.
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 -6.58, with -2.62 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 0.77, 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.
To put it simply, Paramount Global (PARA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.