While Paramount Global has overperformed by 0.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -45.83%, with highs and lows ranging from $24.00 to $10.16, whereas the simple moving average fell by -14.36% in the last 200 days.
On March 21, 2024, Rosenblatt Upgraded Paramount Global (NASDAQ: PARA) to Neutral. A report published by Redburn Atlantic on January 11, 2024, Downgraded its rating to ‘Sell’ for PARA. MoffettNathanson also Upgraded PARA shares as ‘Neutral’, setting a target price of $13 on the company’s shares in a report dated January 09, 2024. Wells Fargo December 20, 2023d the rating to Equal Weight on December 20, 2023, and set its price target from $15 to $18. Loop Capital December 08, 2023d its ‘Hold’ rating to ‘Sell’ for PARA, as published in its report on December 08, 2023. BofA Securities’s report from November 06, 2023 suggests a price prediction of $9 for PARA shares, giving the stock a ‘Underperform’ rating. Seaport Research Partners also rated the stock as ‘Buy’.
Analysis of Paramount Global (PARA)
PARA currently pays a dividend of $0.20 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -6.06%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Paramount Global’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 17.01M can be a very valuable indicator of volatility for PARA stock. On a monthly basis, the volatility of the stock is set at 4.40%, whereas on a weekly basis, it is put at 2.93%, with a gain of 2.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.02, showing growth from the present price of $11.76, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 11.52%. 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 73.69% 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 73.69% at present.
