Paramount Global (NASDAQ: PARA) has seen a decline in its stock price by -2.22 in relation to its previous close of 12.18. However, the company has experienced a -4.26% decline in its stock price over the last five trading sessions. Market Watch reported 2024-04-28 that NEW YORK — Dan Rather returned to the CBS News airwaves for the first time since his bitter exit 18 years ago, appearing in a reflective interview on “CBS Sunday Morning” days before the debut of a Netflix documentary on the 92-year-old newsman’s life.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
The stock has a 36-month beta value of 1.74. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PARA is 591.37M, and at present, short sellers hold a 12.27% of that float. On April 29, 2024, the average trading volume of PARA was 20.45M shares.
PARA’s Market Performance
The stock of Paramount Global (PARA) has seen a -4.26% decrease in the past week, with a 1.79% rise in the past month, and a -13.70% fall in the past quarter. The volatility ratio for the week is 4.72%, and the volatility levels for the past 30 days are at 6.05% for PARA. The simple moving average for the last 20 days is 2.04% for PARA stock, with a simple moving average of -10.69% 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 3.41% 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 -50.38% of loss for the given period.
Volatility was left at 6.05%, however, over the last 30 days, the volatility rate increased by 4.72%, as shares surge +1.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.70% lower at present.
During the last 5 trading sessions, PARA fell by -4.26%, which changed the moving average for the period of 200-days by -27.99% in comparison to the 20-day moving average, which settled at $11.68. In addition, Paramount Global saw -19.47% 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 0.7. 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
To sum up, Paramount Global (PARA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
