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Will Paramount Global (PARA) benefit from Wall Street bulls Calls?

Paramount Global (NASDAQ: PARA) is -20.55% lower on its value in year-to-date trading and has touched a low of $10.16 and a high of $24.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PARA stock was last observed hovering at around $11.77 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $11.75, the stock is 4.30% and -4.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.54 million and changing -0.17% at the moment leaves the stock -14.58% off its SMA200. PARA registered -45.37% loss for a year compared to 6-month loss of -8.35%. The firm has a 50-day simple moving average (SMA 50) of $0.72 and a 200-day simple moving average (SMA200) of $252.31.

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The stock witnessed a 6.43% gain in the last 1 month and extending the period to 3 months gives it a -22.44%, and is 4.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.90% over the week and 4.39% over the month.

Paramount Global (PARA) has around 21900 employees, a market worth around $7.67B and $29.65B in sales. Fwd P/E is 8.89. Profit margin for the company is -3.72%. Distance from 52-week low is 15.65% and -51.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.87%).

Paramount Global quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $7.79B over the same period.The EPS is expected to grow by 107.34% this year, but quarterly earnings will post 4.10% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.

Paramount Global (PARA) Top Institutional Holders

1,026 institutions hold shares in Paramount Global (PARA), with institutional investors hold 82.21% of the company’s shares. The shares outstanding are 612.00M, and float is at 577.33M with Short Float at 15.63%. Institutions hold 68.86% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 93.73 million shares valued at $1.49 billion. The investor’s holdings represent 15.36% of the PARA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 58.85 million shares valued at $936.3 million to account for 9.64% of the shares outstanding. The other top investors are Blackrock Inc. which holds 40.38 million shares representing 6.62% and valued at over $642.52 million, while State Street Corporation holds 4.98% of the shares totaling 30.38 million with a market value of $483.3 million.

Paramount Global (PARA) Insider Activity

The most recent transaction is an insider purchase by REDSTONE SHARI,the company’sDirector. SEC filings show that REDSTONE SHARI bought 165,000 shares of the company’s common stock on May 16 ’23 at a price of $15.06 per share for a total of $2.49 million. Following the purchase, the insider now owns 0.58 million shares.

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