In the past week, PARA stock has gone down by -1.89%, with a monthly decline of -6.49% and a quarterly surge of 2.17%. The volatility ratio for the week is 3.04%, and the volatility levels for the last 30 days are 2.82% for Paramount Global The simple moving average for the last 20 days is -1.45% for PARA stock, with a simple moving average of -14.40% for the last 200 days.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
PARA has 36-month beta value of 1.77. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 8 as “sell.”
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The public float for PARA is 591.23M, and currently, short sellers hold a 9.33% ratio of that float. The average trading volume of PARA on September 23, 2024 was 11.74M shares.
PARA) stock’s latest price update
Paramount Global (NASDAQ: PARA) has seen a decline in its stock price by -0.86 in relation to its previous close of 10.46. However, the company has experienced a -1.89% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-13 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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 -4.61% 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 -40.74% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares sank -7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.59% lower at present.
During the last 5 trading sessions, PARA fell by -1.89%, which changed the moving average for the period of 200-days by -34.98% in comparison to the 20-day moving average, which settled at $10.48. In addition, Paramount Global saw -29.89% 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 1.55.
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 put it simply, Paramount Global (PARA) has had a bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating 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.
