Paramount Global (NASDAQ: PARA) started the day on Wednesday, with a price decrease of -4.28% at $10.50, before settling in for the price of $10.97 at the close. Taking a more long-term approach, PARA posted a 52-week range of $10.16-$24.00.
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The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 1.92%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 111.66%. This publicly-traded company’s shares outstanding now amounts to $612.00 million, simultaneously with a float of $588.33 million. The organization now has a market capitalization sitting at $6.97 billion. At the time of writing, stock’s 50-day Moving Average stood at $11.97, while the 200-day Moving Average is $13.58.
Paramount Global (PARA) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Entertainment Industry. Paramount Global’s current insider ownership accounts for 11.42%, in contrast to 72.42% institutional ownership. According to the most recent insider trade that took place on May 16 ’23, 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
In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported $0.04 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.01) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
Paramount Global’s EPS increase for this current 12-month fiscal period is 111.66% and is forecasted to reach 1.35 in the upcoming year.
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 1.17. The Stock has managed to achieve an average true range (ATR) of 0.71. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.24. Similarly, its price to free cash flow for trailing twelve months is now 47.44.
In the same vein, PARA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.69, a figure that is expected to reach 0.35 in the next quarter, and analysts are predicting that it will be 1.35 at the market close of one year from today.
Technical Analysis of Paramount Global (PARA)
If we take a close look at the recent performances of Paramount Global (NASDAQ: PARA), its last 5-days Average volume was 38.62 million that shows progress from its year to date volume of 19.15 million. During the previous 9 days, stock’s Stochastic %D was recorded 4.42% While, its Average True Range was 0.78.
Raw Stochastic average of Paramount Global (PARA) in the period of the previous 100 days is set at 5.15%, which indicates a major fall in contrast to 10.33% 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 85.91% that was higher than 60.80% volatility it exhibited in the past 100-days period.
