As of Wednesday close, Paramount Global’s (NASDAQ:PARA) stock was down -$0.36, moving down -2.65 percent to $13.24. The average number of shares traded per day over the past five days has been 10,174,601 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 11,716,785, while in the previous 50 days, it was 11,620,948.
Since last month, PARA stock retreated -9.56%. Shares of the company fell to $12.84 on 09/07/23, the lowest level in the past month. A 52-week high of $25.93 was reached on 02/02/23 after having rallying from a 52-week low of $12.84. Since the beginning of this year, PARA’s stock price has dropped by -21.56% or -$3.64, and marked a new high 16 times. However, the stock has declined by -48.94% since its 52-week high.
PARA stock investors should be aware that Paramount Global (PARA) stock had its last reported insider trading activity 128 days ago on May 16. REDSTONE SHARI, the Director of the company, purchased of 165,000 shares for $15.06 on May 16. It resulted in a $2,485,560 investment by the insider.
Valuation Metrics
The stock’s beta is 1.69. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 0.40.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. On Monday May 8 2023, a $0.19 dividend decrease was announced.
Financial Health
In the three months ended June 29, Paramount Global’s quick ratio stood at 1.00, while its current ratio was 1.20, 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 0.72, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 24.80% percent. In the year ended June 29, EBITDA margin amounted to 10.86%, whereas operating margins totaled -2.40%. Based on annual data, PARA earned $10.31 billion in gross profit and brought in $30.15 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 5.10%. Return on equity (ROE) for the past 12 months was -5.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Paramount Global to report $0 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated -$145.0 million in EBITDA. The liabilities of Paramount Global were 33.2 billion at the end of its most recent quarter ended June 29, and its total debt was $17.14 billion. The value of shareholders’ equity is $651.1 million.
Technical Picture
This quick technical analysis looks at Paramount Global’s (PARA) price momentum. With a historical volatility rate of 39.61%, the RSI 9-day stood at 36.54% on 20 September.
With respect to its five-day moving average, the current Paramount Global price is down by -0.97% percent or -$0.13. At present, PARA shares trade -8.94% below its 20-day simple moving average and -42.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.33% below its SMA50 and -34.36% below its SMA200.
Stochastic coefficient K was 25.75% and Stochastic coefficient D was 33.94%, while ATR was 0.55. Given the Stochastic reading of 16.10% for the 14-day period, the RSI (14) reading has been calculated as 38.28%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.18.
