Paramount Global (NASDAQ:PARA) price on current trading day, fall -0.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.89.
A look at the stock’s price movement, the level at last check in today’s session was $11.93, moving within a range at $11.77 and $11.97. The beta value (5-Year monthly) was 1.624. Turning to its 52-week performance, $14.54 and $9.54 were the 52-week high and 52-week low respectively. Overall, PARA moved 3.66% over the past month.
Paramount Global’s market cap currently stands at around $8.41 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 1.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 7.15B for the company’s revenue for the quarter, with a low and high estimate of 6.99B and 7.36B respectively. The average forecast suggests down to a -6.92% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 28.94B, representing a -0.92% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PARA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend PARA as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PARA’s current price about 2.29% and 6.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.15, while 7-day volatility ratio is 2.10% and 2.99% in the 30-day chart. Further, Paramount Global (PARA) has a beta value of 1.35, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $10 and high of $14. Looking at the price targets, the low is 15.9% off recent price level in today’s trading while to achieve the yearly target high, it has to move -17.75%. Nonetheless, investors will most likely welcome a 7.49% jump to $11 which is the analysts’ median price.
If we refocus on Paramount Global (NASDAQ:PARA), historical trading data shows that trading volumes averaged 8.93 over the past 10 days and 8.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 630.00 million shares.
The 11.44% of Paramount Global’s shares are in the hands of company insiders while institutional holders own 72.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 73.3 million on 2025-02-28, giving us a short ratio of 8.17. The data shows that as of 2025-02-28 short interest in Paramount Global (PARA) stood at 1231.0000499999999 of shares outstanding, with shares short rising to 68.36 million registered in 2025-01-31. Current price change has pushed the stock 13.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PARA stock continues to rise going into the next quarter.
