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.
After finishing at $10.44 in the prior trading day, Paramount Global (NASDAQ: PARA) closed at $10.16, down -2.68%. In other words, the price has decreased by -$2.68 from its previous closing price. On the day, 14.94 million shares were traded. PARA stock price reached its highest trading level at $10.465 during the session, while it also had its lowest trading level at $10.16.
Ratios:
Our goal is to gain a better understanding of PARA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 0.94 whereas as Long-Term Debt/Eq ratio is at 0.94.
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.
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 Nov 12 ’24 when Robbins Brian sold 85,355 shares for $11.40 per share. The transaction valued at 973,047 led to the insider holds 0 shares of the business.
THE SRR FAMILY TRUST bought 85,355 shares of PARA for $973,124 on Nov 12 ’24.
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 7254971392 and an Enterprise Value of 20476467200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.709 whereas that against EBITDA is 6.552.
Stock Price History:
The Beta on a monthly basis for PARA is 1.71, which has changed by -0.24179107 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, PARA has reached a high of $15.70, while it has fallen to a 52-week low of $9.54. The 50-Day Moving Average of the stock is -6.37%, while the 200-Day Moving Average is calculated to be -8.31%.
Shares Statistics:
The stock has traded on average 9.36M shares per day over the past 3-months and 8658060 shares per day over the last 10 days, according to various share statistics. A total of 626.00M shares are outstanding, with a floating share count of 590.20M. Insiders hold about 11.51% of the company’s shares, while institutions hold 72.46% stake in the company. Shares short for PARA as of 1735603200 were 62080255 with a Short Ratio of 6.63, compared to 1732838400 on 66603519. Therefore, it implies a Short% of Shares Outstanding of 62080255 and a Short% of Float of 10.4899995.
Dividends & Splits
In the trailing 12 months, PARA’s forward annual dividend rate was 0.2, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.01915709The stock’s 5-year Average Dividend Yield is 3.3.
