Paramount Global (NASDAQ: PARA) is -11.76% lower on its value in year-to-date trading and has touched a low of $10.12 and a high of $17.50 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 $13.08 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $13.05, the stock is 7.35% and 11.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.43 million and changing -0.23% at the moment leaves the stock -0.97% off its SMA200. PARA registered -17.67% loss for a year compared to 6-month loss of 10.41%.
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The stock witnessed a 15.79% gain in the last 1 month and extending the period to 3 months gives it a 1.16%, and is 1.24% 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 3.26% over the week and 5.46% over the month.
Paramount Global (PARA) has around 21900 employees, a market worth around $8.70B and $30.07B in sales. Fwd P/E is 9.35. Profit margin for the company is -1.79%. Distance from 52-week low is 28.95% and -25.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.43%).
with sales reaching $7.25B over the same period. The EPS is expected to grow by 142.60% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to shrink -4.90% in year-over-year returns.
Paramount Global (PARA) Top Institutional Holders
The shares outstanding are 612.00M, and float is at 591.37M with Short Float at 12.53%.
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.
