While Paramount Global has underperformed by -5.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -53.91%, with highs and lows ranging from $24.00 to $10.51, whereas the simple moving average fell by -27.21% in the last 200 days.
On January 11, 2024, Redburn Atlantic Downgraded Paramount Global (NASDAQ: PARA) to Sell. A report published by MoffettNathanson on January 09, 2024, Upgraded its rating to ‘Neutral’ for PARA. Wells Fargo also Upgraded PARA shares as ‘Equal Weight’, setting a target price of $18 on the company’s shares in a report dated December 20, 2023. BofA Securities November 06, 2023d its ‘Buy’ rating to ‘Underperform’ for PARA, as published in its report on November 06, 2023. Seaport Research Partners’s report from October 06, 2023 suggests a price prediction of $17 for PARA shares, giving the stock a ‘Buy’ rating. Bernstein also rated the stock as ‘Underperform’.
Analysis of Paramount Global (PARA)
The current dividend for PARA investors is set at $0.39 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -6.06%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Paramount Global’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -5.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PARA is recording an average volume of 18.02M. On a monthly basis, the volatility of the stock is set at 4.02%, whereas on a weekly basis, it is put at 5.25%, with a loss of -7.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.04, showing growth from the present price of $10.30, which can serve as yet another indication of whether PARA is worth investing in or should be passed over.
How Do You Analyze Paramount Global Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PARA shares are owned by institutional investors to the tune of 73.68% at present.
