Paramount Global (NASDAQ: PARA) is -29.82% lower on its value in year-to-date trading and has touched a low of $9.54 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 $10.37 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $10.38, the stock is -0.98% and -4.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.9 million and changing 0.10% at the moment leaves the stock -14.12% off its SMA200. PARA registered -21.95% loss for a year compared to 6-month loss of -7.73%.
The stock witnessed a -7.16% gain in the last 1 month and extending the period to 3 months gives it a 0.87%, and is -0.38% down 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 2.72% over the week and 2.78% over the month.
Paramount Global (PARA) has around 21900 employees, a market worth around $6.92B and $29.27B in sales. Fwd P/E is 6.71. Profit margin for the company is -19.26%. Distance from 52-week low is 8.81% and -40.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.56%).
with sales reaching $7.04B over the same period.The EPS is expected to grow by 192.05% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to shrink -1.30% in year-over-year returns.
Paramount Global (PARA) Top Institutional Holders
985.0 institutions hold shares in Paramount Global (PARA), with institutional investors hold 77.40% of the company’s shares. The shares outstanding are 612.00M, and float is at 591.23M with Short Float at 9.33%. Institutions hold 73.10% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 63.85 million shares valued at $663.45 million. The investor’s holdings represent 9.7636% of the PARA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 58.04 million shares valued at $603.07 million to account for 8.8751 of the shares outstanding. The other top investors are STATE STREET CORP which holds 37.31 million shares representing 5.7043% and valued at over $389.36 million, while EXOR CAPITAL LLP holds 4.5775 of the shares totaling 29.94 million with a market value of $311.05 million.
Paramount Global (PARA) Insider Activity
#####
