Currently, Paramount Global [PARA] is trading at $11.96, up 3.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PARA shares have gain 2.75% over the last week, with a monthly amount glided 5.28%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Paramount Global [NASDAQ: PARA] stock has seen the most recent analyst activity on August 09, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $11 from $10. Previously, Wolfe Research downgraded its rating to Underperform on July 09, 2024, and kept the price target unchanged to $10. On June 25, 2024, Goldman initiated with a Sell rating and assigned a price target of $9.50 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $9 on June 12, 2024. Seaport Research Partners downgraded its rating to a Neutral. Argus downgraded its rating to Sell for this stock on May 03, 2024. In a note dated April 30, 2024, Needham downgraded an Hold rating on this stock.
This stock has fluctuated between a low of $9.54 and a high of $14.54 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $10.5 within the next 12 months. Paramount Global [NASDAQ: PARA] shares were valued at $11.96 at the most recent close of the market. An investor can expect a potential drop of -12.21% based on the average PARA price forecast.
Analyzing the PARA fundamentals
Trailing Twelve Months sales for Paramount Global [NASDAQ:PARA] were 29.21B which represents 4.53% growth. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.34 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 11.61 points at the first support level, and at 11.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.15, and for the 2nd resistance point, it is at 12.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Paramount Global [NASDAQ:PARA] is 1.30. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.49.
Transactions by insiders
Recent insider trading involved Robbins Brian, Office of the CEO, that happened on Nov 12 ’24 when 85355.0 shares were sold. Trustee is Officer, THE SRR FAMILY TRUST completed a deal on Nov 12 ’24 to buy 85355.0 shares.
