In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Paramount Global (NASDAQ: PARA) was $12.74 for the day, up 2.91% from the previous closing price of $12.38. In other words, the price has increased by $2.91 from its previous closing price. On the day, 15.37 million shares were traded. PARA stock price reached its highest trading level at $12.98 during the session, while it also had its lowest trading level at $12.2.
Ratios:
Our analysis of PARA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.56. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 8764444672 and an Enterprise Value of 22257764352. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 0.751 whereas that against EBITDA is 9.792.
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 10.29%, while the 200-Day Moving Average is calculated to be -4.88%.
Shares Statistics:
PARA traded an average of 20.67M shares per day over the past three months and 21333920 shares per day over the past ten days. A total of 612.00M shares are outstanding, with a floating share count of 589.04M. Insiders hold about 11.31% of the company’s shares, while institutions hold 73.27% stake in the company. Shares short for PARA as of 1711584000 were 86479112 with a Short Ratio of 4.18, 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
With its trailing 12-month dividend rate of 0.39, PARA has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.031502422The stock’s 5-year Average Dividend Yield is 3.27.
Earnings Estimates
The market rating for Paramount Global (PARA) is a result of the insights provided by 22.0 analysts actively involved in the assessment.On average, analysts expect EPS of $0.36 for the current quarter, with a high estimate of $0.68 and a low estimate of $0.2, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.11, with high estimates of $0.32 and low estimates of -$0.11.
Analysts are recommending an EPS of between $1.91 and $0.7 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $1.36, with 27.0 analysts recommending between $2.45 and $0.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 23 analysts. It ranges from a high estimate of $8.1B to a low estimate of $7.44B. As of the current estimate, Paramount Global’s year-ago sales were $7.26BFor the next quarter, 23 analysts are estimating revenue of $7.39B. There is a high estimate of $7.65B for the next quarter, whereas the lowest estimate is $6.96B.
A total of 28 analysts have provided revenue estimates for PARA’s current fiscal year. The highest revenue estimate was $31.92B, while the lowest revenue estimate was $29.69B, resulting in an average revenue estimate of $30.8B. In the same quarter a year ago, actual revenue was $29.65BBased on 28 analysts’ estimates, the company’s revenue will be $31.07B in the next fiscal year. The high estimate is $32.71B and the low estimate is $29.95B.
