In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $10.69 in the prior trading day, Paramount Global (NASDAQ: PARA) closed at $10.86, up 1.59%. In other words, the price has increased by $1.59 from its previous closing price. On the day, 7.28 million shares were traded. PARA stock price reached its highest trading level at $10.905 during the session, while it also had its lowest trading level at $10.66.
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 2.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.92. 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 0.97 whereas as Long-Term Debt/Eq ratio is at 0.95.
On August 09, 2024, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $10 to $11.
Wolfe Research Downgraded its Peer Perform to Underperform on July 09, 2024, while the target price for the stock was maintained at $10.
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 7761760768 and an Enterprise Value of 20917913600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 0.716 whereas that against EBITDA is 7.171.
Stock Price History:
The Beta on a monthly basis for PARA is 1.28, which has changed by 0.0046253204 over the last 52 weeks, in comparison to a change of 0.07455289 over the same period for the S&P500. Over the past 52 weeks, PARA has reached a high of $14.54, while it has fallen to a 52-week low of $9.54. The 50-Day Moving Average of the stock is -4.33%, while the 200-Day Moving Average is calculated to be -0.69%.
Shares Statistics:
The stock has traded on average 9.58M shares per day over the past 3-months and 9606570 shares per day over the last 10 days, according to various share statistics. A total of 630.00M shares are outstanding, with a floating share count of 593.98M. Insiders hold about 11.44% of the company’s shares, while institutions hold 72.48% stake in the company. Shares short for PARA as of 1743379200 were 65941755 with a Short Ratio of 6.88, compared to 1740700800 on 73299260. Therefore, it implies a Short% of Shares Outstanding of 65941755 and a Short% of Float of 11.07.
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 0.018709075The stock’s 5-year Average Dividend Yield is 3.19.
