Is Paramount Global (PARA) Price Targeted To Increase?


As of Wednesday close, Paramount Global’s (NASDAQ:PARA) stock was up $0.52, moving up 2.72 percent to $19.66. The average number of shares traded per day over the past five days has been 10,406,760 shares. 4 times new highs have been achieved over the past 5 days, with a $1.52 gain in that time frame. In the last twenty days, the average volume was 16,621,705, while in the previous 50 days, it was 12,542,456.

Since last month, PARA stock retreated -0.05%. Shares of the company fell to $15.29 on 11/04/22, the lowest level in the past month. A 52-week high of $39.21 was reached on 03/28/22 after having rallying from a 52-week low of $15.29. Since the beginning of this year, PARA’s stock price has dropped by -34.86% or -$10.52, and marked a new high 12 times. However, the stock has declined by -49.86% since its 52-week high.

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PARA stock investors should be aware that Paramount Global (PARA) stock had its last reported insider trading activity 192 days ago on May 17. NATIONAL AMUSEMENTS INC /MD/, the Director of the company, purchased of 646,764 shares for $32.37 on May 17. It resulted in a $20,935,233 investment by the insider.

Valuation Metrics

Right now, Paramount Global (PARA) has a P/E ratio of about 4.64. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 0.42, the price-to-book (PB) ratio of 0.56.

The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24.

Financial Health

In the three months ended June 29, Paramount Global’s quick ratio stood at 1.20, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.69, and the total debt-to-equity ratio was 0.70. On the profitability front, the trailing twelve-month gross margin is 34.00% percent. In the year ended June 29, operating margins totaled 15.70%. Based on annual data, PARA earned $10.84 billion in gross profit and brought in $28.59 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.80%. Return on equity (ROE) for the past 12 months was 13.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Paramount Global to report $0.61 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 4.90%. During the quarter, the company generated $658.0 million in EBITDA. The liabilities of Paramount Global were 34.15 billion at the end of its most recent quarter ended June 29, and its total debt was $17.32 billion. The value of shareholders’ equity is $649.17 million.

Technical Picture

This quick technical analysis looks at Paramount Global’s (PARA) price momentum. With a historical volatility rate of 91.44%, the RSI 9-day stood at 61.75% on 23 November.

With respect to its five-day moving average, the current Paramount Global price is up by +8.38% percent or $1.52. At present, PARA shares trade +1.65% above its 20-day simple moving average and -21.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.31% below its SMA50 and -43.06% below its SMA200.

Stochastic coefficient K was 73.26% and Stochastic coefficient D was 67.43%, while ATR was 1.08. Given the Stochastic reading of 83.88% for the 14-day period, the RSI (14) reading has been calculated as 56.46%. As of today, the MACD Oscillator reading stands at 0.30, while the 14-day reading stands at 1.26.

Analyst Ratings

Paramount Global downgraded its rating on Paramount Global (NASDAQ: PARA) to an Underweight in a note to investors on October 31, 2022. The analysts firm previously had an Equal weight rating on the stock.Paramount Global (PARA) has been rated Hold by analysts. According to 10 brokerage firms, PARA is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Paramount Global stock as buy, with 7 recommending it as overweight.

With a median target price of $18.00, the current consensus forecast for the stock is $11.00 – $32.00. Based on these forecasts, analysts predict Paramount Global (PARA) will achieve an average price target of $19.44.


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