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As of close of business last night, Paramount Global’s stock clocked out at $11.56, down -1.45% from its previous closing price of $11.73. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 9.67 million shares were traded. PARA stock price reached its highest trading level at $11.785 during the session, while it also had its lowest trading level at $11.35.
Ratios:
To gain a deeper understanding of PARA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.72.
On June 25, 2024, Goldman started tracking the stock assigning a Sell rating and target price of $9.50.
Wells Fargo Downgraded its Equal Weight to Underweight on June 12, 2024, whereas the target price for the stock was revised from $14 to $9.
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 8105826304 and an Enterprise Value of 21570494464. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.717 whereas that against EBITDA is 7.945.
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 -0.74%, while the 200-Day Moving Average is calculated to be -7.61%.
Shares Statistics:
It appears that PARA traded 18.89M shares on average per day over the past three months and 20312940 shares per day over the past ten days. A total of 612.00M shares are outstanding, with a floating share count of 591.03M. Insiders hold about 11.32% of the company’s shares, while institutions hold 70.87% stake in the company. Shares short for PARA as of 1719532800 were 54385886 with a Short Ratio of 2.88, compared to 1717113600 on 66509463. Therefore, it implies a Short% of Shares Outstanding of 54385886 and a Short% of Float of 9.2.
Dividends & Splits
With its trailing 12-month dividend rate of 0.2, PARA has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.0170503The stock’s 5-year Average Dividend Yield is 3.29.
