The 36-month beta value for PARA is also noteworthy at 1.77. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PARA is 588.39M, and at present, short sellers hold a 14.70% of that float. The average trading volume of PARA on April 22, 2024 was 20.04M shares.
PARA) stock’s latest price update
Paramount Global (NASDAQ: PARA)’s stock price has plunge by 13.40relation to previous closing price of 10.97. Nevertheless, the company has seen a 13.50% surge in its stock price over the last five trading sessions. Deadline reported 2024-04-19 that Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume.
PARA’s Market Performance
PARA’s stock has risen by 13.50% in the past week, with a monthly drop of -0.56% and a quarterly drop of -7.16%. The volatility ratio for the week is 4.64% while the volatility levels for the last 30 days are 6.02% for Paramount Global The simple moving average for the last 20 days is 8.84% for PARA stock, with a simple moving average of -7.39% for the last 200 days.
Analysts’ Opinion of PARA
Rosenblatt, on the other hand, stated in their research note that they expect to see PARA reach a price target of $13, previously predicting the price at $9. The rating they have provided for PARA stocks is “Neutral” according to the report published on March 21st, 2024.
Redburn Atlantic gave a rating of “Sell” to PARA, setting the target price at $11 in the report published on January 11th of the current year.
PARA Trading at 7.50% 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 -48.17% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.19% lower at present.
During the last 5 trading sessions, PARA rose by +13.50%, which changed the moving average for the period of 200-days by -22.97% in comparison to the 20-day moving average, which settled at $11.46. In addition, Paramount Global saw -15.89% 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 ’23. 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:
- -0.02 for the present operating margin
- 0.24 for the gross margin
The net margin for Paramount Global stands at -0.03. The total capital return value is set at -0.01. Equity return is now at value -5.64, with -2.29 for asset returns.
Based on Paramount Global (PARA), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -0.52.
Currently, EBITDA for the company is 6.0 million with net debt to EBITDA at 2233.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 4.17for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
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.
