The Insider Activity Report For Paramount Global (PARA): Who’s Buying?


Paramount Global (NASDAQ:PARA) finished Thursday with a subtraction of -$0.53 to close at $20.87, a downside of -2.48 percent. An average of 12,860,680 shares of common stock have been traded in the last five days. There was a fall of -$2.18 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 11,336,855 shares traded, while the 50-day average volume stands at 10,095,188.

PARA stock has decreased by -14.82% in the last month. The company shares reached their 1-month lowest point of $20.85 on 09/22/22. With the stock rallying to its 52-week high on 03/28/22, shares of the company touched a low of $21.32 and a high of $41.18 in 52 weeks. It has reached a new high 12 times so far this year and lost -30.85% or -$9.31 in price. In spite of this, the price is down -49.32% from the 52-week high.

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Valuation Metrics

Paramount Global (PARA) has a trailing price-to-earnings (P/E) ratio of 4.42. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.47, the price-to-book (PB) ratio at 0.59.

Financial Health

The quick ratio of Paramount Global for the three months ended June 29 was 1.30, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.69 for the quarter ending June 29. Its gross profit as reported stood at $10.84 billion compared to revenue of $28.59 billion.

Earnings Surprise

The analyst consensus anticipated Paramount Global’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.64, a 4.90% surprise. For the quarter, EBITDA amounted to $913.0 million. Shareholders own equity worth $649.13 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Paramount Global (PARA) price momentum. RSI 9-day as of the close on 22 September was 30.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.82%.

As of today, PARA’s price is $22.14 -9.46% or -$2.18 from its 5-day moving average. PARA is currently trading -16.55% lower than its 20-day SMA and -28.33% lower than its 100-day SMA. However, the stock’s current price level is -16.59% below the SMA50 and -32.94% below the SMA200.

The stochastic %K and %D were 15.36% and 31.21%, respectively, and the average true range (ATR) was 0.98. With the 14-day stochastic at 0.57% and the average true range at 1.00, the RSI (14) stands at 34.34%. The stock has reached -0.87 on the 9-day MACD Oscillator while the 14-day reading was at -1.07.

Analyst Ratings

JP Morgan downgraded Paramount Global (NASDAQ: PARA) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Paramount Global (PARA) among analysts is Hold. According to current brokerage recommendations, 8 brokerage firms advise that investors sell PARA, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is PARA’s price target for the next 12 months?

Analysts predict a range of price targets between $18.00 and $47.00, with a median target of $26.80. Taking a look at these predictions, the average price target given by analysts for Paramount Global (PARA) stock is $27.40.


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