Paramount Global [NASDAQ: PARA] loss -1.92% or -0.48 points to close at $24.52 with a heavy trading volume of 11609354 shares. The company report on July 13, 2022 that NICKELODEON AND MATTEL UNVEIL VOICE CAST OF ALL-NEW ANIMATED SERIES MONSTER HIGH.
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It opened the trading session at $24.68, the shares rose to $25.18 and dropped to $23.68, the range by which the price of stock traded the whole day. The daily chart for PARA points out that the company has recorded -32.25% loss over the past six months. However, it is still -3.5% lower than its most recent low trading price.
If we look at the average trading volume of 9.54M shares, PARA reached to a volume of 11609354 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 $33.75 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.
Morgan Stanley have made an estimate for Paramount Global shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 18, 2022. While these analysts kept the previous recommendation, Daiwa Securities raised their target price to Neutral. The new note on the price target was released on July 01, 2022, representing the official price target for Paramount Global stock. Previously, the target price had yet another drop from $49 to $24, while Wolfe Research kept a Underperform rating on PARA stock.
The Average True Range (ATR) for Paramount Global is set at 1.10, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 8.40.
Trading performance analysis for PARA stock
Paramount Global [PARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.45. With this latest performance, PARA shares dropped by -4.41% in over the last four-week period, additionally sinking by -32.25% over the last 6 months – not to mention a drop of -39.14% 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 40.91, with the RSI for the last a single of trading hit 42.27, and the three-weeks RSI is set at 40.49 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 27.88, while it was recorded at 24.75 for the last single week of trading, and 32.61 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 1.50 and a Current Ratio set at 1.60.
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 -6.43%.
An analysis of insider ownership at Paramount Global [PARA]
There are presently around $11,927 million, or 80.00% 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 $1.67 billion in PARA stocks shares; and BLACKROCK INC., currently with $1.13 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 August and at the time of the August reporting period, where 505 institutional holders increased their position in Paramount Global [NASDAQ:PARA] by around 129,467,174 shares. Additionally, 444 investors decreased positions by around 68,023,290 shares, while 122 investors held positions by with 279,585,565 shares. The mentioned changes placed institutional holdings at 477,076,029 shares, according to the latest SEC report filing. PARA stock had 128 new institutional investments in for a total of 77,267,561 shares, while 145 institutional investors sold positions of 18,556,433 shares during the same period.