Paramount Global [NASDAQ: PARA] loss -0.55% or -0.06 points to close at $10.92 with a heavy trading volume of 5909457 shares.
The daily chart for PARA points out that the company has recorded -10.78% loss over the past six months.
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If we look at the average trading volume of 8.73M shares, PARA reached to a volume of 5909457 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 $12.18 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 3.11. 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.
Wells Fargo have made an estimate for Paramount Global shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 09, 2024. The new note on the price target was released on July 09, 2024, representing the official price target for Paramount Global stock. Previously, the target price had yet another raise to $9.50, while Goldman analysts kept a Sell rating on PARA stock. On June 12, 2024, analysts decreased their price target for PARA shares from 14 to 9.
The Average True Range (ATR) for Paramount Global is set at 0.33, with the Price to Sales ratio for PARA stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 3.44. Price to Free Cash Flow for PARA in the course of the last twelve months was 10.19 with Quick ratio for the last quarter at 1.10.
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 -1.80. With this latest performance, PARA shares dropped by -0.55% in over the last four-week period, additionally sinking by -10.78% over the last 6 months – not to mention a drop of -30.80% 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 51.23, with the RSI for the last a single of trading hit 51.03, and the three-weeks RSI is set at 51.38 for Paramount Global [PARA]. The present Moving Average for the last 50 days of trading for this stock 10.71, while it was recorded at 10.83 for the last single week of trading, and 11.16 for the last 200 days.
Paramount Global [PARA]: A deeper dive into fundamental analysis
Paramount Global’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.27.
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 45.00%.
An analysis of Institutional ownership at Paramount Global [PARA]
There are presently around $77.61%, or 82.16%% of PARA stock, in the hands of institutional investors. The top three institutional holders of PARA stocks are: VANGUARD GROUP INC with ownership of 63.85 million shares, which is approximately 9.7636%. BLACKROCK INC., holding 58.04 million shares of the stock with an approximate value of $$603.07 million in PARA stocks shares; and BLACKROCK INC., currently with $$389.36 million in PARA stock with ownership which is approximately 5.7043%.
