The stock price of Paramount Global (NASDAQ: PARA) has dropped by -1.06 compared to previous close of 10.46. Despite this, the company has seen a fall of -8.90% in its stock price over the last five trading days. accesswire.com reported 2024-08-29 that NEW YORK, NY / ACCESSWIRE / August 29, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global (“PARA” or the “Company”) (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
The stock has a 36-month beta value of 1.77. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 8 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PARA is 591.25M, and at present, short sellers hold a 9.07% of that float. On August 30, 2024, the average trading volume of PARA was 14.27M shares.
PARA’s Market Performance
PARA stock saw a decrease of -8.90% in the past week, with a monthly decline of -6.85% and a quarterly a decrease of -13.11%. The volatility ratio for the week is 3.13%, and the volatility levels for the last 30 days are 3.32% for Paramount Global (PARA). The simple moving average for the last 20 days is -3.46% for PARA’s stock, with a simple moving average of -16.22% for the last 200 days.
Analysts’ Opinion of PARA
Many brokerage firms have already submitted their reports for PARA stocks, with Wells Fargo repeating the rating for PARA by listing it as a “Equal Weight.” The predicted price for PARA in the upcoming period, according to Wells Fargo is $11 based on the research report published on August 09, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see PARA reach a price target of $10. The rating they have provided for PARA stocks is “Underperform” according to the report published on July 09th, 2024.
Goldman gave a rating of “Sell” to PARA, setting the target price at $9.50 in the report published on June 25th of the current year.
PARA Trading at -5.65% 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 -40.86% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -5.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.93% upper at present.
During the last 5 trading sessions, PARA fell by -8.85%, which changed the moving average for the period of 200-days by -13.71% in comparison to the 20-day moving average, which settled at $10.69. In addition, Paramount Global saw -30.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PARA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.3 for the gross margin
The net margin for Paramount Global stands at -0.19. The total capital return value is set at 0.04. Equity return is now at value -30.01, with -11.31 for asset returns.
Based on Paramount Global (PARA), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 3.0.
Currently, EBITDA for the company is 6.0 million with net debt to EBITDA at 6.8. 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 4.47for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
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 “sell” 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.
