Paramount Global (NASDAQ:PARA) shares, rose in value, with the stock price down by -0.08% to the previous day’s close as strong demand from buyers drove the stock to $12.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.18. Referring to stock’s 52-week performance, its high was $13.05, and the low was $9.54. On the whole, PARA has fluctuated by 3.66% over the past month.
With the market capitalization of Paramount Global currently standing at about $8.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.64%.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PARA currently trading nearly 2.89% and 5.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.83, while the 7-day volatility ratio is showing 0.21% which for the 30-day chart, stands at 1.17%. Furthermore, Paramount Global (PARA)’s beta value is 1.22, and its average true range (ATR) is 0.24.
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 -0.08% in today’s session so far, and over the past year, it grew by 1.33%%.
Data on historical trading for Paramount Global (NASDAQ:PARA) indicates that the trading volumes over the past 3 months, they’ve averaged 8.35 million. According to company’s latest data on outstanding shares, there are 633.00 million shares outstanding.
Nearly 11.41% of Paramount Global’s shares belong to company insiders and institutional investors own 70.95% of the company’s shares. The stock has risen by 16.35% 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.
