Paramount Global (NASDAQ: PARA) is -27.92% lower on its value in year-to-date trading and has touched a low of $9.54 and a high of $16.28 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 $10.58 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $10.66, the stock is -2.69% and -1.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.99 million and changing 0.76% at the moment leaves the stock -4.47% off its SMA200. PARA registered -31.23% loss for a year compared to 6-month gain of 3.60%. The firm has a 50-day simple moving average (SMA 50) of $10.8292 and a 200-day simple moving average (SMA200) of $11.15895.
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The stock witnessed a 0.76% loss in the last 1 month and extending the period to 3 months gives it a 2.70%, and is -4.99% 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 2.83% over the week and 3.11% over the month.
Paramount Global (PARA) has around 21900 employees, a market worth around $7.66B and $28.87B in sales. Fwd P/E is 7.12. Profit margin for the company is -20.50%. Distance from 52-week low is 11.74% and -34.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.38%).
with sales reaching $8.1B over the same period.The EPS is expected to grow by 250.06% this year, but quarterly earnings will post -0.94% year-over-year. Quarterly sales are estimated to grow 6.03% in year-over-year returns.
Paramount Global (PARA) Top Institutional Holders
937.0 institutions hold shares in Paramount Global (PARA), with institutional investors hold 82.13% of the company’s shares. The shares outstanding are 626.00M, and float is at 591.55M with Short Float at 11.26%. Institutions hold 77.57% 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
The most recent transaction is an insider sale by Robbins Brian, the company’s Office of the CEO. SEC filings show that Robbins Brian sold 85,355 shares of the company’s common stock on Nov 12 ’24 at a price of $11.40 per share for a total of $0.97 million. Following the sale, the insider now owns 0.0 shares.
