Paramount Global [NASDAQ: PARA] stock went on a downward path that fall over -4.27% on Monday, amounting to a one-week price decrease of less than -4.79%.
Over the last 12 months, PARA stock dropped by -30.22%. The one-year Paramount Global stock forecast points to a potential upside of 15.96. The average equity rating for PARA stock is currently 3.40, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $7.02 billion, with 612.00 million shares outstanding and 591.03 million shares in the current float. Compared to the average trading volume of 15.60M shares, PARA stock reached a trading volume of 10423204 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $12.53 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 3.40. 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 July 09, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on June 25, 2024, representing the official price target for Paramount Global stock. Previously, the target price had yet another drop from $14 to $9, while Wells Fargo kept a Underweight rating on PARA stock.
The Average True Range (ATR) for Paramount Global is set at 0.41, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 0.32, with the Price to Cash per share for the same quarter was set at 3.58. Price to Free Cash Flow for PARA in the course of the last twelve months was 8.72 with Quick ratio for the last quarter at 1.19.
PARA Stock Performance Analysis:
Paramount Global [PARA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.79. With this latest performance, PARA shares dropped by -10.84% in over the last four-week period, additionally sinking by -27.03% over the last 6 months – not to mention a drop of -30.22% 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 38.00, with the RSI for the last a single of trading hit 30.77, and the three-weeks RSI is set at 41.79 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 11.24, while it was recorded at 11.06 for the last single week of trading, and 12.44 for the last 200 days.
Insight into Paramount Global Fundamentals:
Paramount Global’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.19 and a Current Ratio set at 1.29.
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 40.10%.
Paramount Global [PARA] Institutonal Ownership Details
The top three institutional holders of PARA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PARA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PARA stock with ownership which is approximately 5.1238%.
