A new trading day began on August 04, 2022, with Paramount Global (NASDAQ: PARA) stock priced at $23.90, up 1.08% from the previous day of trading. During the day, the shares moved up to $25.89 and dropped to $23.61 before settling in for the closing price of $25.04. PARA’s price has ranged from $23.15 to $42.17 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 16.80% over the last five years. Meanwhile, its annual earnings per share averaged 77.50%. With a float of $584.84 million, this company’s outstanding shares have now reached $649.00 million.
The firm has a total of 22965 workers. Let’s measure their productivity. In terms of profitability, gross margin is +36.56, operating margin of +14.18, and the pretax margin is +18.21.
Paramount Global (PARA) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Paramount Global is 0.10%, while institutional ownership is 79.90%. The most recent insider transaction that took place on May 17, was worth 20,935,233. In this transaction Director of this company bought 646,764 shares at a rate of $32.37, taking the stock ownership to the 32,012,190 shares.
Paramount Global (PARA) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.6 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +15.33 while generating a return on equity of 23.20. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 77.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.43% during the next five years compared to 13.80% growth over the previous five years of trading.
Paramount Global (NASDAQ: PARA) Trading Performance Indicators
Here are Paramount Global’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.69, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 1.95 in one year’s time.
Technical Analysis of Paramount Global (PARA)
Analysing the last 5-days average volume posted by the [Paramount Global, PARA], we can find that recorded value of 10.92 million was lower than the volume posted last year of 11.62 million. As of the previous 9 days, the stock’s Stochastic %D was 64.22%. Additionally, its Average True Range was 1.10.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 13.45%, which indicates a significant decrease from 72.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.64% in the past 14 days, which was lower than the 50.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.66, while its 200-day Moving Average is $31.66. Now, the first resistance to watch is $26.26. This is followed by the second major resistance level at $27.22. The third major resistance level sits at $28.54. If the price goes on to break the first support level at $23.98, it is likely to go to the next support level at $22.66. Should the price break the second support level, the third support level stands at $21.70.
Paramount Global (NASDAQ: PARA) Key Stats
With a market capitalization of 17.18 billion, the company has a total of 649,101K Shares Outstanding. Currently, annual sales are 28,586 M while annual income is 4,543 M. The company’s previous quarter sales were 7,328 M while its latest quarter income was 433,000 K.