On November 20, 2023, Paramount Global (NASDAQ: PARA) opened at $13.43, higher 5.61% from the last session. During the day, the shares moved up to $14.26 and dropped to $13.24 before settling in for the closing price of $13.19. Price fluctuations for PARA have ranged from $10.51 to $25.93 over the past 52 weeks.
A company in the Communication Services sector has jumped its sales by 22.06% annually for the last half of the decade. Company’s average yearly earnings per share was noted -73.01% at the time writing. With a float of $576.53 million, this company’s outstanding shares have now reached $609.00 million.
In an organization with 24500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +32.84, operating margin of +9.52, and the pretax margin is +4.20.
Paramount Global (PARA) Insider Updates
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Paramount Global is 11.49%, while institutional ownership is 74.57%. The most recent insider transaction that took place on May 16, was worth 2,485,560. In this transaction Director of this company bought 165,000 shares at a rate of $15.06, taking the stock ownership to the 577,064 shares.
Paramount Global (PARA) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.1) by $0.2. 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 0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -73.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.10% during the next five years compared to 12.83% growth over the previous five years of trading.
Paramount Global (NASDAQ: PARA) Trading Performance Indicators
Check out the current performance indicators for Paramount Global (PARA). In the past quarter, the stock posted a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.78, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 1.15 in one year’s time.
Technical Analysis of Paramount Global (PARA)
Let’s dig in a bit further. During the last 5-days, its volume was 14.17 million. That was better than the volume of 12.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 81.99%. Additionally, its Average True Range was 0.70.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 51.20%, which indicates a significant decrease from 91.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.98% in the past 14 days, which was higher than the 53.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.35, while its 200-day Moving Average is $16.66. However, in the short run, Paramount Global’s stock first resistance to watch stands at $14.38. Second resistance stands at $14.83. The third major resistance level sits at $15.40. If the price goes on to break the first support level at $13.36, it is likely to go to the next support level at $12.79. Assuming the price breaks the second support level, the third support level stands at $12.34.
Paramount Global (NASDAQ: PARA) Key Stats
There are currently 651,406K shares outstanding in the company with a market cap of 9.07 billion. Presently, the company’s annual sales total 30,154 M according to its annual income of 1,104 M. Last quarter, the company’s sales amounted to 7,133 M and its income totaled 295,000 K.