Paramount Global (NASDAQ:PARA) shares, rose in value, with the stock price up by 1.39% to the previous day’s close as strong demand from buyers drove the stock to $10.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.81, falling within a range of $10.84 and $10.97. The value of beta (5-year monthly) is 1.767. Referring to stock’s 52-week performance, its high was $14.54, and the low was $9.54. On the whole, PARA has fluctuated by 4.98% over the past month.
With the market capitalization of Paramount Global currently standing at about $7.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 29.31B, with a low estimate of 7.54B and a high estimate of 8.39B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.07B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PARA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of PARA currently trading nearly 1.55% and 1.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.98, while the 7-day volatility ratio is showing 2.36% which for the 30-day chart, stands at 2.51%. Furthermore, Paramount Global (PARA)’s beta value is 1.64, and its average true range (ATR) is 0.25.
A comparison of Paramount Global (PARA) with its peers suggests the former has fared considerably weaker in the market. PARA showed an intraday change of 1.39% in today’s session so far, and over the past year, it shrunk by -15.69%%.
Data on historical trading for Paramount Global (NASDAQ:PARA) indicates that the trading volumes over the past 10 days have averaged 7.22 and over the past 3 months, they’ve averaged 9.83 million. According to company’s latest data on outstanding shares, there are 626.00 million shares outstanding.
Nearly 11.54% of Paramount Global’s shares belong to company insiders and institutional investors own 70.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68.36 million shares as on 2025-01-31, resulting in a short ratio of 7.37. According to the data, the short interest in Paramount Global (PARA) stood at 1155.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 62.08 million. The stock has risen by 4.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PARA stock heading into the next quarter.
