During the recent session, Paramount Global (NASDAQ:PARA)’s traded shares were 3.2 million, with the beta value of the company hitting 1.78. At the last check today, the stock’s price was $11.19, reflecting an intraday loss of -0.58% or -$0.07. The 52-week high for the PARA share is $24.00, that puts it down -114.48 from that peak though still a striking 9.2% gain since the share price plummeted to a 52-week low of $10.16. The company’s market capitalization is $7.30B, and the average intraday trading volume over the past 10 days was 15.82 million shares, and the average trade volume was 17.29 million shares over the past three months.
Paramount Global (NASDAQ:PARA) trade information
Paramount Global (PARA) registered a -0.58% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.58% in intraday trading to $11.19, hitting a weekly high. The stock’s 5-day price performance is 2.42%, and it has moved by -15.13% in 30 days. Based on these gigs, the overall price performance for the year is -43.46%. The short interest in Paramount Global (NASDAQ:PARA) is 84.8 million shares and it means that shorts have 4.3 day(s) to cover.
Paramount Global (PARA) estimates and forecasts
Statistics show that Paramount Global has outperformed its competitors in share price, compared to the industry in which it operates. Paramount Global (PARA) shares have gone down -18.82% during the last six months, with a year-to-date growth rate more than the industry average at 130.77% against 6.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 255.60% this quarter and then jump 60.00% in the quarter after that. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $7.81 billion as predicted by 23 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to $7.46 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.26 billion and $7.62 billion respectively. In this case, analysts expect current quarter sales to grow by 7.50% and then drop by -2.10% in the coming quarter.
PARA Dividends
Paramount Global is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Paramount Global is 0.44, with the dividend yield indicating at 3.93 percent, continuing the trend of increasing dividends in recent years.
Paramount Global (NASDAQ:PARA)’s Major holders
Paramount Global insiders own 16.23% of total outstanding shares while institutional holders control 68.89%, with the float percentage being 82.23%. Berkshire Hathaway, Inc is the largest shareholder of the company, while 1,022 institutions own stock in it. As of Jun 29, 2023, the company held over 93.73 million shares (or 15.36% of all shares), a total value of $1.49 billion in shares.
The next largest institutional holding, with 58.85 million shares, is of Vanguard Group Inc’s that is approximately 9.64% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $936.3 million.
Also, the Mutual Funds coming in first place with the largest holdings of Paramount Global (PARA) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 15.53 million shares. This amounts to just over 2.54 percent of the company’s overall shares, with a $247.11 million market value. The same data shows that the other fund manager holds slightly less at 12.07 million, or about 1.98% of the stock, which is worth about $192.07 million.
