Paramount Global (NASDAQ:PARA) saw an upside of 0.16% to close Monday at $12.66 after adding $0.02 on the day. The 5-day average trading volume is 11,942,940 shares of the company’s common stock. It has gained $13.72 in the past week and touched a new high 1 time within the past 5 days. An average of 12,971,061 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,708,984.
PARA’s 1-month performance is -14.05% or -$1.78 on its low of $12.21 reached on 09/25/23. The company’s shares have touched a 52-week low of $12.56 and high of $25.93, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PARA has lost -25.00% or -$4.22 and has reached a new high 16 times. However, the current price is down -51.18% from the 52-week high price.
Valuation Metrics
PARA stock has a beta of 1.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 0.38.
Paramount Global’s quick ratio for the period ended June 29 was 1.02, with the current ratio over the same period at 1.17. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.78, while the total debt to equity was 0.80. In terms of profitability, the gross margin trailing 12 months is 23.40%. The trailing 12-month EBITDA margin is 10.86% while for the period ending June 29, Paramount Global’s operating margin was -0.79%. The firm’s gross profit as reported stood at $10.31 billion against revenue of $30.15 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PARA to announce $0 per share in earnings in its latest quarter, but it posted $0.1. EBITDA for the quarter stood at more than -$145.0 million. PARA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.2 billion, with total debt at $17.14 billion. Shareholders hold equity totaling $651.1 million.
Let’s look briefly at Paramount Global (PARA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 29.69% to suggest the stock is trending oversold, with historical volatility in this time period at 38.48%.
The stock’s 5-day moving average is $13.09, reflecting a -6.91% or -$0.94 change from its current price. PARA is currently trading -12.33% above its 20-day SMA, -44.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.68% and SMA200 by-30.25%.
Stochastic %K and %D was 15.81% and 18.10% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 33.65%, while the 14-day stochastic is at 19.11% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Paramount Global (NASDAQ: PARA), Raymond James launched coverage with a Mkt perform rating.
