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After finishing at $11.24 in the prior trading day, Paramount Global (NASDAQ: PARA) closed at $11.42, up 1.60%. In other words, the price has increased by $1.60 from its previous closing price. On the day, 15.4 million shares were traded. PARA stock price reached its highest trading level at $11.7 during the session, while it also had its lowest trading level at $11.26.
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 3.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.45. 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 8089300480 and an Enterprise Value of 21357219840. 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 0.34. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is 7.866.
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 0.84%, while the 200-Day Moving Average is calculated to be -8.36%.
Shares Statistics:
The stock has traded on average 16.68M shares per day over the past 3-months and 9068830 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 591.03M. Insiders hold about 11.32% of the company’s shares, while institutions hold 71.19% stake in the company. Shares short for PARA as of 1721001600 were 55627003 with a Short Ratio of 3.33, compared to 1718323200 on 64183336. Therefore, it implies a Short% of Shares Outstanding of 55627003 and a Short% of Float of 9.41.
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 0.017793596The stock’s 5-year Average Dividend Yield is 3.29.
