Paramount Global [PARA] stock prices are up 1.73% to $11.74 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PARA shares have lost -1.76% over the last week, with a monthly amount glided 15.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Paramount Global [NASDAQ: PARA] stock has seen the most recent analyst activity on July 09, 2024, when Wolfe Research downgraded its rating to a Underperform but kept the price target unchanged to $10 for it. Previously, Goldman started tracking the stock with Sell rating on June 25, 2024, and set its price target to $9.50. On June 12, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $9 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Argus downgraded its rating to a Sell. Needham downgraded its rating to Hold for this stock on April 30, 2024. In a note dated April 04, 2024, Wolfe Research upgraded an Peer Perform rating on this stock.
The stock price of Paramount Global [PARA] has been fluctuating between $9.54 and $17.50 over the past year. Currently, Wall Street analysts expect the stock to reach $16.88 within the next 12 months. Paramount Global [NASDAQ: PARA] shares were valued at $11.74 at the most recent close of the market. An investor can expect a potential return of 43.78% based on the average PARA price forecast.
Analyzing the PARA fundamentals
The Paramount Global [NASDAQ:PARA] reported sales of 30.07B for trailing twelve months, representing a surge of 5.78%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.51 points at the first support level, and at 11.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.88, and for the 2nd resistance point, it is at 12.02.
Ratios To Look Out For
It’s worth pointing out that Paramount Global [NASDAQ:PARA]’s Current Ratio is 1.29. As well, the Quick Ratio is 1.19, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.35.
