$8.19M in average volume shows that Paramount Global (PARA) is heading in the right direction

On Monday, Paramount Global (NASDAQ: PARA) was -2.12% drop from the session before settling in for the closing price of $10.84. A 52-week range for PARA has been $9.54 – $17.50.

During the last 5-year period, the sales growth of Communication Services Sector giant was 1.92%. When this article was written, the company’s average yearly earnings per share was at 247.64%. With a float of $591.56 million, this company’s outstanding shares have now reached $612.00 million.

Let’s determine the extent of company efficiency that accounts for 21900 employees. In terms of profitability, gross margin is 29.97%, operating margin of 3.8%, and the pretax margin is -20.37%.

Paramount Global (PARA) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Paramount Global stocks. The insider ownership of Paramount Global is 11.31%, while institutional ownership is 72.53%. The most recent insider transaction that took place on Nov 12 ’24, was worth 973,047. In this transaction Office of the CEO of this company sold 85,355 shares at a rate of $11.40, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Trustee is Officer proposed sale 85,355 for $11.40, making the entire transaction worth $973,124.

Paramount Global (PARA) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.04 earnings per share (EPS) during the time that was better than consensus figure (set at -0) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 247.64% per share during the next fiscal year.

Paramount Global (NASDAQ: PARA) Trading Performance Indicators

You can see what Paramount Global (PARA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.25. Likewise, its price to free cash flow for the trailing twelve months is 9.44.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.89, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.59 in one year’s time.

Technical Analysis of Paramount Global (PARA)

Looking closely at Paramount Global (NASDAQ: PARA), its last 5-days average volume was 11.67 million, which is a drop from its year-to-date volume of 14.84 million. As of the previous 9 days, the stock’s Stochastic %D was 26.11%. Additionally, its Average True Range was 0.31.

During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 30.28%, which indicates a significant increase from 18.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.10% in the past 14 days, which was higher than the 34.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.62, while its 200-day Moving Average is $11.28. However, in the short run, Paramount Global’s stock first resistance to watch stands at $10.83. Second resistance stands at $11.04. The third major resistance level sits at $11.18. If the price goes on to break the first support level at $10.48, it is likely to go to the next support level at $10.34. Should the price break the second support level, the third support level stands at $10.13.

Paramount Global (NASDAQ: PARA) Key Stats

There are 666,714K outstanding shares of the company, which has a market capitalization of 7.20 billion. As of now, sales total 29,652 M while income totals -608,000 K. Its latest quarter income was 6,731 M while its last quarter net income were 1,000 K.