On Tuesday, Paramount Global (NASDAQ: PARA) opened lower -4.32% from the last session, before settling in for the closing price of $11.12. Price fluctuations for PARA have ranged from $9.54 to $17.50 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 1.92%. Company’s average yearly earnings per share was noted 249.61% at the time writing. With a float of $591.56 million, this company’s outstanding shares have now reached $612.00 million.
Considering the fact that the conglomerate employs 21900 people, you should pay attention to its efficiency factor. 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
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 11.31%, while institutional ownership is 72.46%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.04 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 249.61% per share during the next fiscal year.
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 1.10. 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 9.97.
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 1.57 in one year’s time.
Technical Analysis of Paramount Global (PARA)
Compared to the last year’s volume of 14.96 million, its volume of 19.88 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 50.23%. Additionally, its Average True Range was 0.36.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 34.16%, which indicates a significant increase from 28.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.63% in the past 14 days, which was higher than the 32.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.68, while its 200-day Moving Average is $11.20. Nevertheless, the first resistance level for the watch stands at $11.02 in the near term. At $11.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.61. If the price goes on to break the first support level at $10.43, it is likely to go to the next support level at $10.22. Should the price break the second support level, the third support level stands at $9.84.
Paramount Global (NASDAQ: PARA) Key Stats
There are currently 666,975K shares outstanding in the company with a market cap of 7.60 billion. Presently, the company’s annual sales total 29,652 M according to its annual income of -608,000 K. Last quarter, the company’s sales amounted to 6,731 M and its income totaled 1,000 K.
