As on May 25, 2023, Paramount Global (NASDAQ: PARA) started slowly as it slid -3.83% to $14.08. During the day, the stock rose to $14.54 and sunk to $13.80 before settling in for the price of $14.64 at the close. Taking a more long-term approach, PARA posted a 52-week range of $14.34-$34.50.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 2.60%. Meanwhile, its Annual Earning per share during the time was -27.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -84.50%. This publicly-traded company’s shares outstanding now amounts to $651.00 million, simultaneously with a float of $584.77 million. The organization now has a market capitalization sitting at $9.59 billion. At the time of writing, stock’s 50-day Moving Average stood at $19.79, while the 200-day Moving Average is $20.46.
If we measure the efficiency of the company that is accounted for 24500 employees. It has generated 1,230,776 per worker during the last fiscal year. Meanwhile, its income per employee was 29,592. The stock had 4.19 Receivables turnover and 0.52 Total Asset turnover. For the Profitability, stocks gross margin was +32.84, operating margin was +9.52 and Pretax Margin of +4.20.
Paramount Global (PARA) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Entertainment industry. Paramount Global’s current insider ownership accounts for 0.20%, in contrast to 81.80% institutional ownership. According to the most recent insider trade that took place on May 16, this organization’s Director bought 165,000 shares at the rate of 15.06, making the entire transaction reach 2,485,560 in total value, affecting insider ownership by 577,064.
Paramount Global (PARA) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.09 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.17) by -$0.08. This company achieved a net margin of +2.40 while generating a return on equity of 3.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
Paramount Global’s EPS decrease for this current 12-month fiscal period is -84.50% and is forecasted to reach 1.48 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 3.97% through the next 5 years, which can be compared against the -27.30% growth it accomplished over the previous five years trading on the market.
Paramount Global (NASDAQ: PARA) Trading Performance Indicators
Let’s observe the current performance indicators for Paramount Global (PARA). It’s Quick Ratio in the last reported quarter now stands at 1.00. The Stock has managed to achieve an average true range (ATR) of 0.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.32.
In the same vein, PARA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.36, a figure that is expected to reach 0.04 in the next quarter, and analysts are predicting that it will be 1.48 at the market close of one year from today.
Technical Analysis of Paramount Global (PARA)
Through scrutinizing the latest numbers posted by the [Paramount Global, PARA], it can be observed that its last 5-days Average volume of 20.36 million was better the volume of 12.88 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 13.56% While, its Average True Range was 0.85.
Raw Stochastic average of Paramount Global (PARA) in the period of the previous 100 days is set at 2.31%, which indicates a major fall in contrast to 8.48% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 46.71% that was lower than 70.87% volatility it exhibited in the past 100-days period.