Currently, there are 609.00M common shares owned by the public and among those 576.53M shares have been available to trade.
Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 512,695 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 160,673 shares.
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However, the script later moved the day high at 11.51, down -4.27%. The company’s stock has a 5-day price change of -10.96% and -20.27% over the past three months. PARA shares are trading -24.21% year to date (YTD), with the 12-month market performance down to -51.89% lower. It has a 12-month low price of $10.51 and touched a high of $24.00 over the same period. PARA has an average intraday trading volume of 16.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.50%, -20.31%, and -21.58% respectively.
Institutional ownership of Paramount Global (NASDAQ: PARA) shares accounts for 73.79% of the company’s 609.00M shares outstanding.
It has a market capitalization of $7.30B and a beta (3y monthly) value of 1.80. The earnings-per-share (ttm) stands at -$1.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.14% over the week and 3.92% over the month.
Analysts forecast that Paramount Global (PARA) will achieve an EPS of $0 for the current quarter, $0.33 for the next quarter and $1.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -69.69%, and 100.52% over the next financial year. EPS should shrink at an annualized rate of -8.10% over the next five years, compared to 12.83% over the past 5-year period.
Looking at the support for the PARA, a number of firms have released research notes about the stock. Redburn Atlantic stated their Sell rating for the stock in a research note on January 11, 2024, with the firm’s price target at $17-$11. MoffettNathanson coverage for the Paramount Global (PARA) stock in a research note released on January 09, 2024 offered a Neutral rating with a price target of $13. Wells Fargo was of a view on December 20, 2023 that the stock is Equal Weight, while Loop Capital gave the stock Sell rating on December 08, 2023, issuing a price target of $12. BofA Securities on their part issued Underperform rating on November 06, 2023.
