While Paramount Global has overperformed by 3.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -18.96%, with highs and lows ranging from $19.04 to $10.12, whereas the simple moving average jumped by 0.48% in the last 200 days.
On May 03, 2024, Seaport Research Partners Downgraded Paramount Global (NASDAQ: PARA) to Neutral. A report published by Argus on May 03, 2024, Downgraded its rating to ‘Sell’ for PARA. Rosenblatt March 21, 2024d its ‘Sell’ rating to ‘Neutral’ for PARA, as published in its report on March 21, 2024. Redburn Atlantic’s report from January 11, 2024 suggests a price prediction of $11 for PARA shares, giving the stock a ‘Sell’ rating. MoffettNathanson also rated the stock as ‘Neutral’.
Analysis of Paramount Global (PARA)
It’s important to note that PARA shareholders are currently getting $0.20 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 5.78%, showing a positive trend in the upcoming months.
Paramount Global’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -3.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.19, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and PARA is registering an average volume of 21.82M. On a monthly basis, the volatility of the stock is set at 6.16%, whereas on a weekly basis, it is put at 9.64%, with a gain of 8.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.84, showing decline from the present price of $13.29, 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?
Besides checking the fundamentals, you should also know 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 11.27%. 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 73.10% 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 73.10% at present.
