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Positives for Paramount Global (PARA) as stock gains in recent trading

Paramount Global (NASDAQ: PARA) is -29.48% 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 $10.27 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $10.43, the stock is 0.13% and -0.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.24 million and changing 1.56% at the moment leaves the stock -9.12% off its SMA200. PARA registered -4.31% loss for a year compared to 6-month loss of -14.86%. The firm has a 50-day simple moving average (SMA 50) of $10.516 and a 200-day simple moving average (SMA200) of $11.4766.

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The stock witnessed a -3.34% gain in the last 1 month and extending the period to 3 months gives it a -7.21%, and is 1.16% 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 1.48% over the week and 1.59% over the month.

Paramount Global (PARA) has around 21900 employees, a market worth around $6.95B and $29.27B in sales. Fwd P/E is 7.08. Profit margin for the company is -19.26%. Distance from 52-week low is 9.33% and -40.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.56%).

with sales reaching $6.97B over the same period.The EPS is expected to grow by 200.00% this year, but quarterly earnings will post 0.40% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.

Paramount Global (PARA) Top Institutional Holders

953.0 institutions hold shares in Paramount Global (PARA), with institutional investors hold 78.60% of the company’s shares. The shares outstanding are 612.00M, and float is at 591.25M with Short Float at 10.86%. Institutions hold 74.24% 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

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