Rosenblatt slashes price target on Paramount Global [PARA] – find out why.

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Paramount Global [NASDAQ: PARA] gained 3.95% on the last trading session, reaching $30.27 price per share at the time. The company report on April 28, 2022 that GNC and GHOST Tap Into Nostalgia and Flavor Innovation Trends with Exclusive Launch of GHOST® x Teenage Mutant Ninja Turtles®.

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Every generation goes through a nostalgia boom, and the 1990s are officially back in full force! From fashion to film, ’90s culture is making a huge comeback, and this throwback resurgence has now extended to the fitness category. GHOST partnered with Nickelodeon to create a unique line of Teenage Mutant Ninja Turtles® (TMNT) inspired products that bring your favorite turtle heroes exclusively to GNC. Cowabunga, dude! With a new flavor profile inspired by the ’90s, “OOZE” features an epic combo of citrus and tangerine. The GHOST x TMNT collaboration is sure to teleport you back to your childhood and the sewers of New York City, while still focusing on gains.

Paramount Global represents 650.00 million in outstanding shares, while the company has a total market value of $19.71 billion with the latest information. PARA stock price has been found in the range of $29.09 to $30.73.

If compared to the average trading volume of 12.21M shares, PARA reached a trading volume of 12092067 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Paramount Global [PARA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PARA shares is $38.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PARA stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Rosenblatt have made an estimate for Paramount Global shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 19, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on April 01, 2022, representing the official price target for Paramount Global stock.

The Average True Range (ATR) for Paramount Global is set at 1.35, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 9.63.

Trading performance analysis for PARA stock

Paramount Global [PARA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.98. With this latest performance, PARA shares dropped by -19.94% in over the last four-week period, additionally sinking by -16.43% over the last 6 months – not to mention a drop of -23.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PARA stock in for the last two-week period is set at 33.86, with the RSI for the last a single of trading hit 32.14, and the three-weeks RSI is set at 37.50 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 34.18, while it was recorded at 29.35 for the last single week of trading, and 35.83 for the last 200 days.

Paramount Global [PARA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Paramount Global [PARA] shares currently have an operating margin of +14.18 and a Gross Margin at +36.56. Paramount Global’s Net Margin is presently recorded at +15.33.

Return on Equity for this stock inclined to 23.20, with Return on Assets sitting at 7.87.

Paramount Global’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.80.

Paramount Global [PARA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PARA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Paramount Global go to -4.51%.

An analysis of insider ownership at Paramount Global [PARA]

There are presently around $12,529 million, or 70.40% of PARA stock, in the hands of institutional investors. The top three institutional holders of PARA stocks are: VANGUARD GROUP INC with ownership of 65,330,869, which is approximately 0.595% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 44,333,995 shares of the stock with an approximate value of $1.34 billion in PARA stocks shares; and STATE STREET CORP, currently with $999.68 million in PARA stock with ownership of nearly 1.265% of the company’s market capitalization.

Positions in Paramount Global stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 529 institutional holders increased their position in Paramount Global [NASDAQ:PARA] by around 46,910,538 shares. Additionally, 449 investors decreased positions by around 45,263,320 shares, while 114 investors held positions by with 321,730,643 shares. The mentioned changes placed institutional holdings at 413,904,501 shares, according to the latest SEC report filing. PARA stock had 139 new institutional investments in for a total of 4,676,713 shares, while 136 institutional investors sold positions of 7,944,233 shares during the same period.