The stock of Paramount Global (PARA) has gone up by 0.97% for the week, with a -0.10% drop in the past month and a -9.45% drop in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are 1.67% for PARA. The simple moving average for the past 20 days is -0.47% for PARA’s stock, with a -9.87% simple moving average for the past 200 days.
Is It Worth Investing in Paramount Global (NASDAQ: PARA) Right Now?
The stock has a 36-month beta value of 1.78. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 7 as “sell.”
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The public float for PARA is 591.25M, and at present, short sellers hold a 10.68% of that float. On October 21, 2024, the average trading volume of PARA was 8.82M shares.
PARA) stock’s latest price update
The stock price of Paramount Global (NASDAQ: PARA) has surged by 1.16 when compared to previous closing price of 10.33, but the company has seen a 0.97% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-11 that Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
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 -0.86% 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 -40.29% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares surge +0.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.35% upper at present.
During the last 5 trading sessions, PARA rose by +0.97%, which changed the moving average for the period of 200-days by -26.36% in comparison to the 20-day moving average, which settled at $10.50. In addition, Paramount Global saw -29.34% 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 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.
