Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Paramount Global (NASDAQ: PARA) closed the day trading at $10.81 up 3.64% from the previous closing price of $10.43. In other words, the price has increased by $3.64 from its previous closing price. On the day, 11.53 million shares were traded. PARA stock price reached its highest trading level at $10.9 during the session, while it also had its lowest trading level at $10.49.
Ratios:
For a better understanding of PARA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.70.
On March 21, 2024, Rosenblatt Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $9 to $13.
Redburn Atlantic Downgraded its Neutral to Sell on January 11, 2024, whereas the target price for the stock was revised from $17 to $11.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’23 when REDSTONE SHARI bought 165,000 shares for $15.06 per share. The transaction valued at 2,485,560 led to the insider holds 577,064 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PARA now has a Market Capitalization of 7490411520 and an Enterprise Value of 20985419776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 0.708 whereas that against EBITDA is 9.232.
Stock Price History:
Over the past 52 weeks, PARA has reached a high of $24.00, while it has fallen to a 52-week low of $10.12. The 50-Day Moving Average of the stock is -7.58%, while the 200-Day Moving Average is calculated to be -19.84%.
Shares Statistics:
Over the past 3-months, PARA traded about 19.96M shares per day on average, while over the past 10 days, PARA traded about 28016290 shares per day. A total of 612.00M shares are outstanding, with a floating share count of 588.35M. Insiders hold about 11.41% of the company’s shares, while institutions hold 73.29% stake in the company. Shares short for PARA as of 1711584000 were 86479112 with a Short Ratio of 4.33, compared to 1709164800 on 84802563. Therefore, it implies a Short% of Shares Outstanding of 86479112 and a Short% of Float of 14.97.
Dividends & Splits
PARA’s forward annual dividend rate is 0.20, up from 0.39 a year ago. The stock’s 5-year Average Dividend Yield is 3.27.
Earnings Estimates
At present, Marathon Digital Holdings, Inc. analysts are actively evaluating the performance of Paramount Global (PARA) in the stock market.The consensus estimate for the next quarter is $10.81, with high estimates of $0.82 and low estimates of $17.36.
Analysts are recommending an EPS of between $Industrials and $Energy for the fiscal current year, implying an average EPS of $Communication Services.
