The stock of Paramount Global (NASDAQ:PARA) decreased by -$0.34 on Monday to finish at $14.93, down -2.23 percent. The last five days have seen an average of 13,663,120 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$1.95. The average number of shares traded over the last 20 days was 11,661,390, while the average volume over the last 50 days totaled 11,930,736.
PARA stock dropped -6.45% since last month. On 08/14/23, the company’s shares reached a one-month low of $14.61. The stock touched a high of $27.49 on 02/02/23, after rallying from a low of $13.80 in 52 weeks. The price of PARA stock has declined by -11.55% or -$1.95 this year, reaching a new high 16 times. Still, the stock price is down -45.69% from the 52-week high.
Insider Transactions
PARA stock investors should be aware that Paramount Global (PARA) stock had its last reported insider trading activity 91 days ago on May 16. On May 16, Director REDSTONE SHARI acquired 165,000 shares at $15.06 each. This transaction resulted in the insider spending $2,485,560.
Valuation Metrics
Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.33, the price-to-book (PB) ratio of 0.45.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year. A $0.19 dividend decrease was reported on Monday May 8 2023.
Financial Health
For the three months ended June 29, Paramount Global’s quick ratio was 1.00, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.72, and the total debt to equity ratio is 0.73. As far as profitability goes, gross margin for the trailing twelve months is 24.80% percent. Paramount Global’s EBITDA margin for the year ended June 29 was 10.86%, whereas its operating margin stood at -2.40% for the same period. Based on annual data, it had gross profit of $10.31 billion and revenue of $30.15 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PARA’s return on assets (ROA) during the last 12 months has been -2.10%. There was a 5.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.50%.
Earnings Surprise
According to Paramount Global’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Paramount Global’s quarterly earnings would be $0.1, but it ended up being $0. EBITDA was -$145.0 million for the quarter. At the end of Paramount Global’s most recent quarter ended June 29, its liabilities totaled 33.2 billion, while its total debt was $17.14 billion. Equity owned by shareholders amounts to $651.1 million.
Technical Picture
Here’s a quick look at Paramount Global’s (PARA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 38.65%, suggesting the stock is Neutral, with a 42.28% historical volatility rate.
The stochastic %K and %D were 26.34% and 40.05% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 16.75%, the RSI (14) reading is 41.82%. On the 9-day MACD Oscillator, the stock is at -0.33, and the 14-day reading is at -0.34.
Analyst Ratings
Paramount Global (NASDAQ: PARA) was downgraded by Wolfe Research to a an Underperform rating in its latest research report. The stock was previously rated as a a Peer perform.
