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Paramount Global (NASDAQ: PARA) closed the day trading at $10.33 down -1.81% from the previous closing price of $10.52. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 9.01 million shares were traded. PARA stock price reached its highest trading level at $10.52 during the session, while it also had its lowest trading level at $10.28.
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 2.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 09, 2024, Upgraded its rating to Equal Weight and sets its target price to $11 from $10 previously.
On July 09, 2024, Wolfe Research Downgraded its rating to Underperform which previously was Peer Perform but kept the price unchanged to $10.
On June 25, 2024, Goldman started tracking the stock assigning a Sell rating and target price of $9.50.Goldman initiated its Sell rating on June 25, 2024, with a $9.50 target price.
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 7347191808 and an Enterprise Value of 20762159104. 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 0.42. Its current Enterprise Value per Revenue stands at 0.709 whereas that against EBITDA is 6.97.
Stock Price History:
Over the past 52 weeks, PARA has reached a high of $17.50, while it has fallen to a 52-week low of $9.54. The 50-Day Moving Average of the stock is -1.95%, while the 200-Day Moving Average is calculated to be -11.05%.
Shares Statistics:
Over the past 3-months, PARA traded about 8.80M shares per day on average, while over the past 10 days, PARA traded about 5403080 shares per day. A total of 612.00M shares are outstanding, with a floating share count of 591.25M. Insiders hold about 11.32% of the company’s shares, while institutions hold 68.77% stake in the company. Shares short for PARA as of 1727654400 were 63164235 with a Short Ratio of 7.18, compared to 1724976000 on 55177192. Therefore, it implies a Short% of Shares Outstanding of 63164235 and a Short% of Float of 10.6800005.
Dividends & Splits
PARA’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.019011406The stock’s 5-year Average Dividend Yield is 3.3.
