This trade activity should not be overlooked: Paramount Global (PARA)

With 8.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 21.76 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $13.4 whereas the lowest price it dropped to was $12.98. The 52-week range on PARA shows that it touched its highest point at $17.50 and its lowest point at $10.12 during that stretch. It currently has a 1-year price target of $12.96. With its current market cap of 8.67 billion, PARA has annualized dividend of $0.20 while the current yield stands at 1.54%. Beta for the stock currently stands at 1.82.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PARA was down-trending over the past week, with a drop of -2.11%, but this was up by 18.70% over a month. Three-month performance dropped to -2.98% while six-month performance rose 7.25%. The stock lost -15.35% in the past year, while it has lost -12.04% so far this year. A look at the trailing 12-month EPS for PARA yields -0.82 with Next year EPS estimates of 1.40. For the next quarter, that number is 0.13. This implies an EPS growth rate of 145.01% for this year and 9.51% for next year.

Float and Shares Shorts:

At present, 612.00 million PARA shares are outstanding with a float of 591.37 million shares on hand for trading. On 2024-04-30, short shares totaled 74.12 million, which was 1112.0 higher than short shares on 1711584000. In addition to Mr. Naveen K. Chopra as the firm’s Executive VP & CFO, Ms. Christa A. D’Alimonte serves as its Executive VP, General Counsel & Secretary.

Institutional Ownership:

Through their ownership of 0.69622004 of PARA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, PARA reported revenue of $7685000000.0 and operating income of -$265000000.0. The EBITDA in the recently reported quarter was -$120000000.0 and diluted EPS was -$0.87.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PARA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.