While Paramount Global has overperformed by 0.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARA fell by -33.53%, with highs and lows ranging from $17.50 to $9.54, whereas the simple moving average jumped by 0.44% 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’.
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Analysis of Paramount Global (PARA)
A return on investment can be expected regardless of PARA’s performance over the next quarter with the dividend set at $0.20 per share. Further, the quarter-over-quarter decrease in sales is -5.64%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Paramount Global’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PARA is recording an average volume of 8.68M. On a monthly basis, the volatility of the stock is set at 3.22%, whereas on a weekly basis, it is put at 2.64%, with a gain of 2.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.18, showing growth from the present price of $11.20, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 72.50% 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 72.50% at present.
