The 36-month beta value for PARA is also noteworthy at 1.81. 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 591.37M, and at present, short sellers hold a 12.27% of that float. The average trading volume of PARA on May 07, 2024 was 21.82M shares.
PARA) stock’s latest price update
The stock price of Paramount Global (NASDAQ: PARA) has surged by 3.10 when compared to previous closing price of 12.89, but the company has seen a 8.49% gain in its stock price over the last five trading sessions. New York Post reported 2024-05-06 that Apollo, which teamed with Sony to make a $26 billion all-cash bid for the Shari Redstone-controlled media conglomerate, faces an uphill fight to circumvent the FCC’s 39% cap on the reach by local affiliates should the merger be approved by Paramount’s board, sourced said.
PARA’s Market Performance
Paramount Global (PARA) has seen a 8.49% rise in stock performance for the week, with a 11.03% gain in the past month and a -5.21% plunge in the past quarter. The volatility ratio for the week is 9.64%, and the volatility levels for the past 30 days are at 6.16% for PARA. The simple moving average for the past 20 days is 13.18% for PARA’s stock, with a 0.48% simple moving average for the past 200 days.
PARA Trading at 15.13% 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 -30.20% of loss for the given period.
Volatility was left at 6.16%, however, over the last 30 days, the volatility rate increased by 9.64%, as shares surge +20.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.55% upper at present.
During the last 5 trading sessions, PARA rose by +8.49%, which changed the moving average for the period of 200-days by -16.42% in comparison to the 20-day moving average, which settled at $11.85. In addition, Paramount Global saw -10.14% 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:
- 0.01 for the present operating margin
- 0.27 for the gross margin
The net margin for Paramount Global stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -3.13, with -1.26 for asset returns.
Based on Paramount Global (PARA), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 0.4.
Currently, EBITDA for the company is 6.0 million with net debt to EBITDA at 13.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In summary, Paramount Global (PARA) has had a mixed 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.
