Paramount Global (PARA) concluded trading on Wednesday at a closing price of $10.66, with 5.23 million shares of worth about $55.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.05% during that period and on October 30, 2024 the price saw a gain of about 1.81%. Currently the company’s common shares owned by public are about 612.00M shares, out of which, 591.29M shares are available for trading.
Stock saw a price change of 3.39% in past 5 days and over the past one month there was a price change of 0.57%. Year-to-date (YTD), PARA shares are showing a performance of -27.92% which decreased to -3.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.54 but also hit the highest price of $17.50 during that period. The average intraday trading volume for Paramount Global shares is 8.41 million. The stock is currently trading 2.29% above its 20-day simple moving average (SMA20), while that difference is up 1.54% for SMA50 and it goes to -6.90% lower than SMA200.
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Paramount Global (NASDAQ: PARA) currently have 612.00M outstanding shares and institutions hold larger chunk of about 68.72% of that.
The stock has a current market capitalization of $7.58B and its 3Y-monthly beta is at 1.78. It has posted earnings per share of -$8.46 in the same period. It has Quick Ratio of 1.15 while making debt-to-equity ratio of 0.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PARA, volatility over the week remained 1.86% while standing at 1.61% over the month.
Analysts are in expectations that Paramount Global (PARA) stock would likely to be making an EPS of 0.24 in the current quarter, while forecast for next quarter EPS is 0.18 and it is 1.48 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.14 which is 0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 200.74% while it is estimated to decrease by -6.31% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on August 09, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $10 and $11 to it. Coverage by Wolfe Research stated Paramount Global (PARA) stock as an Underperform in their note to investors on July 09, 2024, suggesting a price target of $10 for the stock. On June 25, 2024, Goldman Initiated their recommendations, while on June 12, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $9. Stock get a Neutral rating from Seaport Research Partners on May 03, 2024.
