On Monday, Paramount Global (NASDAQ: PARA) opened lower -1.38% from the last session, before settling in for the closing price of $10.88. Price fluctuations for PARA have ranged from $9.54 to $15.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 2.63%. Company’s average yearly earnings per share was noted 246.13% at the time writing. With a float of $590.20 million, this company’s outstanding shares have now reached $626.00 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
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 11.51%, while institutional ownership is 71.69%. 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
According to the Wall Street analysts, stocks earnings will be around 246.13% 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 10.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.89, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 1.46 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 7.94 million, which is a drop from its year-to-date volume of 9.18 million. As of the previous 9 days, the stock’s Stochastic %D was 57.71%. Additionally, its Average True Range was 0.28.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 44.96%, which indicates a significant decrease from 51.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.04% in the past 14 days, which was lower than the 28.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.78, while its 200-day Moving Average is $11.05. However, in the short run, Paramount Global’s stock first resistance to watch stands at $10.82. Second resistance stands at $10.92. The third major resistance level sits at $11.00. If the price goes on to break the first support level at $10.65, it is likely to go to the next support level at $10.57. Should the price break the second support level, the third support level stands at $10.47.
Paramount Global (NASDAQ: PARA) Key Stats
There are currently 666,975K shares outstanding in the company with a market cap of 7.64 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.
