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After finishing at $10.09 in the prior trading day, Paramount Global (NASDAQ: PARA) closed at $9.98, down -1.09%. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 7.57 million shares were traded. PARA stock price reached its highest trading level at $10.12 during the session, while it also had its lowest trading level at $9.95.
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 2.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.34. 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 7197376512 and an Enterprise Value of 20528809984. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 0.701 whereas that against EBITDA is 6.891.
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 -9.18%, while the 200-Day Moving Average is calculated to be -18.57%.
Shares Statistics:
The stock has traded on average 13.41M shares per day over the past 3-months and 9867140 shares per day over the last 10 days, according to various share statistics. A total of 612.00M shares are outstanding, with a floating share count of 591.22M. Insiders hold about 11.32% of the company’s shares, while institutions hold 67.85% stake in the company. Shares short for PARA as of 1723680000 were 53621665 with a Short Ratio of 4.00, compared to 1721001600 on 55627003. Therefore, it implies a Short% of Shares Outstanding of 53621665 and a Short% of Float of 9.07.
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 0.019821605The stock’s 5-year Average Dividend Yield is 3.3.
Earnings Estimates
A detailed examination of Paramount Global (PARA) is currently in progress, with 24.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.17, with high estimates of $0.41 and low estimates of -$0.17.
Analysts are recommending an EPS of between $1.93 and $1.19 for the fiscal current year, implying an average EPS of $1.54. EPS for the following year is $1.55, with 26.0 analysts recommending between $2.48 and $0.87.
Revenue Estimates
23 analysts predict $7.04B in revenue for the current quarter. It ranges from a high estimate of $7.24B to a low estimate of $6.56B. As of the current estimate, Paramount Global’s year-ago sales were $7.13BFor the next quarter, 23 analysts are estimating revenue of $8.29B. There is a high estimate of $8.67B for the next quarter, whereas the lowest estimate is $7.75B.
A total of 27 analysts have provided revenue estimates for PARA’s current fiscal year. The highest revenue estimate was $30.19B, while the lowest revenue estimate was $28.87B, resulting in an average revenue estimate of $29.83B. In the same quarter a year ago, actual revenue was $29.65BBased on 26 analysts’ estimates, the company’s revenue will be $29.83B in the next fiscal year. The high estimate is $30.89B and the low estimate is $28.53B.
