Paramount Global [PARA] is -15.31% lower this YTD. Is it still time to buy?

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Paramount Global [NASDAQ: PARA] price plunged by -1.62 percent to reach at -$0.42. The company report on June 28, 2022 that CULTURE’S BIGGEST NIGHT, “BET AWARDS” 2022 DELIVERS UNPRECEDENTED +34% LINEAR VIEWERSHIP SURGE CLAIMING THE #1 SPOT AS BEST PERFORMING CABLE AWARD SHOW THIS YEAR AMONG P18-49.


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WITH OVER 3 MILLION TOTAL VIEWERS ACROSS TEN PARAMOUNT GLOBAL NETS WATCHING SUNDAY, JUNE 26 PREMIERE.

DOUBLE DIGIT SHOW RATING INCREASE: UP +23% ON BET ALONE.

A sum of 4523175 shares traded at recent session while its average daily volume was at 9.57M shares. Paramount Global shares reached a high of $26.60 and dropped to a low of $25.515 until finishing in the latest session at $25.56.

The one-year PARA stock forecast points to a potential upside of 27.43. The average equity rating for PARA stock is currently 2.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $35.22 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 2.70. 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.

Wolfe Research have made an estimate for Paramount Global shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 02, 2022. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Sell. The new note on the price target was released on April 19, 2022, representing the official price target for Paramount Global stock. Previously, the target price had yet another raise to $42, while JP Morgan analysts kept a Neutral rating on PARA stock.

The Average True Range (ATR) for Paramount Global is set at 1.21, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 8.53.

PARA Stock Performance Analysis:

Paramount Global [PARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.90. With this latest performance, PARA shares dropped by -21.11% in over the last four-week period, additionally sinking by -15.14% over the last 6 months – not to mention a drop of -44.43% 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 37.40, with the RSI for the last a single of trading hit 38.21, and the three-weeks RSI is set at 38.30 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 29.52, while it was recorded at 25.25 for the last single week of trading, and 33.57 for the last 200 days.

Insight into Paramount Global Fundamentals:

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 1.50 and a Current Ratio set at 1.60.

PARA Stock EPS

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 -6.37%.

Paramount Global [PARA] Insider Position Details

There are presently around $12,394 million, or 80.10% of PARA stock, in the hands of institutional investors. The top three institutional holders of PARA stocks are: BERKSHIRE HATHAWAY INC with ownership of 68,947,760, which is approximately New of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 66,662,966 shares of the stock with an approximate value of $1.73 billion in PARA stocks shares; and BLACKROCK INC., currently with $1.18 billion in PARA stock with ownership of nearly 2.11% 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 129,152,630 shares. Additionally, 439 investors decreased positions by around 68,383,260 shares, while 118 investors held positions by with 279,511,520 shares. The mentioned changes placed institutional holdings at 477,047,410 shares, according to the latest SEC report filing. PARA stock had 138 new institutional investments in for a total of 77,228,333 shares, while 148 institutional investors sold positions of 18,361,041 shares during the same period.

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