While Paramount Global has overperformed by 1.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -9.35%, with highs and lows ranging from $17.50 to $9.54, whereas the simple moving average jumped by 0.30% in the last 200 days.
On August 09, 2024, Wells Fargo Upgraded Paramount Global (NASDAQ: PARA) to Equal Weight. A report published by Wolfe Research on July 09, 2024, Downgraded its rating to ‘Underperform’ for PARA. Goldman also rated PARA shares as ‘Sell’, setting a target price of $9.50 on the company’s shares in an initiating report dated June 25, 2024. Wells Fargo June 12, 2024d the rating to Underweight on June 12, 2024, and set its price target from $14 to $9. Seaport Research Partners May 03, 2024d its ‘Buy’ rating to ‘Neutral’ for PARA, as published in its report on May 03, 2024. Needham also rated the stock as ‘Hold’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Paramount Global (PARA)
PARA currently pays a dividend of $0.20 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -5.64%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Paramount Global’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -31.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 8.28M can be a very valuable indicator of volatility for PARA stock. On a monthly basis, the volatility of the stock is set at 2.44%, whereas on a weekly basis, it is put at 3.80%, with a loss of -1.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.07, showing growth from the present price of $11.35, which can serve as yet another indication of whether PARA is worth investing in or should be passed over.
How Do You Analyze Paramount Global Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PARA shares are owned by institutional investors to the tune of 71.83% at present.
