While Paramount Global has underperformed by -7.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -47.33%, with highs and lows ranging from $24.00 to $10.16, whereas the simple moving average fell by -19.00% in the last 200 days.
On April 04, 2024, Wolfe Research Upgraded Paramount Global (NASDAQ: PARA) to Peer Perform. A report published by Rosenblatt on March 21, 2024, Upgraded its rating to ‘Neutral’ for PARA. Redburn Atlantic also Downgraded PARA shares as ‘Sell’, setting a target price of $11 on the company’s shares in a report dated January 11, 2024. Wells Fargo December 20, 2023d its ‘Underweight’ rating to ‘Equal Weight’ for PARA, as published in its report on December 20, 2023. Loop Capital’s report from December 08, 2023 suggests a price prediction of $12 for PARA shares, giving the stock a ‘Sell’ rating. BofA Securities also rated the stock as ‘Underperform’.
Analysis of Paramount Global (PARA)
With PARA’s current dividend of $0.20 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -6.06%, showing a negative trend in the upcoming months.
Paramount Global’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and PARA has an average volume of 19.02M. On a monthly basis, the volatility of the stock is set at 5.95%, whereas on a weekly basis, it is put at 10.58%, with a loss of -5.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.06, showing growth from the present price of $11.06, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 11.42%. 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 72.40% 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 72.40% at present.
