A new trading day began on Monday, with Paramount Global (NASDAQ: PARA) stock price down -0.26% from the previous day of trading, before settling in for the closing price of $11.36. PARA’s price has ranged from $9.54 to $17.50 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 1.92% over the last five years. Meanwhile, its annual earnings per share averaged 190.05%. With a float of $591.25 million, this company’s outstanding shares have now reached $612.00 million.
The firm has a total of 21900 workers. Let’s measure their productivity. In terms of profitability, gross margin is 29.77%, operating margin of 4.72%, and the pretax margin is -19.21%.
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 11.32%, while institutional ownership is 67.83%.
Paramount Global (PARA) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.3 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 190.05% per share during the next fiscal year.
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 1.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26. Likewise, its price to free cash flow for the trailing twelve months is 8.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.46, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.54 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 8.95 million was lower than the volume posted last year of 17.26 million. As of the previous 9 days, the stock’s Stochastic %D was 91.97%. Additionally, its Average True Range was 0.36.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 35.80%, which indicates a significant decrease from 90.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.82% in the past 14 days, which was lower than the 59.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.93, while its 200-day Moving Average is $12.37. Now, the first resistance to watch is $11.43. This is followed by the second major resistance level at $11.54. The third major resistance level sits at $11.61. If the price goes on to break the first support level at $11.25, it is likely to go to the next support level at $11.18. Should the price break the second support level, the third support level stands at $11.07.
Paramount Global (NASDAQ: PARA) Key Stats
With a market capitalization of 7.55 billion, the company has a total of 666,479K Shares Outstanding. Currently, annual sales are 29,652 M while annual income is -608,000 K. The company’s previous quarter sales were 6,813 M while its latest quarter income was -5,413 M.
