Paramount Global [PARA] fell -20.55% so far this year. What now?

Paramount Global [NASDAQ: PARA] slipped around -0.02 points on Monday, while shares priced at $11.75 at the close of the session, down -0.17%. The company report on March 27, 2024 at 3:30 PM that Paramount Renews Commitment To Celebrate Vote Early Day To Empower Voters To Share Their Voices This Fall – Join Us!.

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Compared to the average trading volume of 17.05M shares, PARA reached a trading volume of 9536645 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $13.02 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 3.09. 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 Neutral, with their previous recommendation back on March 21, 2024. While these analysts kept the previous recommendation, Redburn Atlantic dropped their target price from $17 to $11. The new note on the price target was released on January 11, 2024, representing the official price target for Paramount Global stock. Previously, the target price had yet another raise to $13, while MoffettNathanson analysts kept a Neutral rating on PARA stock. On December 20, 2023, analysts increased their price target for PARA shares from 15 to 18.

The Average True Range (ATR) for Paramount Global is set at 0.50, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.34, with the Price to Cash per share for the same quarter was set at 3.77. Price to Free Cash Flow for PARA in the course of the last twelve months was 52.15 with Quick ratio for the last quarter at 1.17.

How has PARA stock performed recently?

Paramount Global [PARA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.44. With this latest performance, PARA shares gained by 6.43% in over the last four-week period, additionally sinking by -8.35% over the last 6 months – not to mention a drop of -45.37% 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 51.08, with the RSI for the last a single of trading hit 54.59, and the three-weeks RSI is set at 48.56 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 12.24, while it was recorded at 11.61 for the last single week of trading, and 13.73 for the last 200 days.

Paramount Global [PARA]: Deeper insight into the fundamentals

Paramount Global’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.32.

Earnings analysis for Paramount Global [PARA]

With the latest financial reports released by the company, Paramount Global posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -47.10%. 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 29.37%.

Insider trade positions for Paramount Global [PARA]

The top three institutional holders of PARA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PARA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PARA stock with ownership which is approximately 5.8386%.