Paramount Global (NASDAQ:PARA) has a beta value of 1.78 and has seen 2.81 million shares traded in the recent trading session. The company, currently valued at $7.33B, closed the recent trade at $11.23 per share which meant it gained $0.03 on the day or 0.27% during that session. The PARA stock price is -113.71% off its 52-week high price of $24.00 and 9.53% above the 52-week low of $10.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.16 million shares traded. The 3-month trading volume is 17.39 million shares.
Paramount Global (NASDAQ:PARA) trade information
Sporting 0.27% in the green today, the stock has traded in the red over the last five days, when the PARA stock price touched $11.23 or saw a rise of 5.47%. Year-to-date, Paramount Global shares have moved -24.07%, while the 5-day performance has seen it change -3.11%. Over the past 30 days, the shares of Paramount Global (NASDAQ:PARA) have changed -6.42%. Short interest in the company has seen 84.8 million shares shorted with days to cover at 4.3.
Paramount Global (PARA) estimates and forecasts
Figures show that Paramount Global shares have outperformed across the wider relevant industry. The company’s shares have lost -17.43% over the past 6 months, with this year growth rate of 125.00%, compared to 6.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 255.60% and 40.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.20%.
23 analysts offering their estimates for the company have set an average revenue estimate of $7.81 billion for the current quarter. 21 have an estimated revenue figure of $7.46 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $7.26 billion and $7.62 billion respectively for this quarter and the next, and analysts expect sales will grow by 7.50% for the current quarter and -2.10% for the next.
Earnings growth for 2024 is a modest 111.06% while over the next 5 years, the company’s earnings are expected to increase by 29.37%.
PARA Dividends
Paramount Global is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 1.78%. The company’s dividend yield has gone up over the past 12 months.
Paramount Global (NASDAQ:PARA)’s Major holders
Insiders own 16.23% of the company shares, while shares held by institutions stand at 68.89% with a share float percentage of 82.23%. Investors are also buoyed by the number of investors in a company, with Paramount Global having a total of 1,022 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 93.73 million shares worth more than $1.49 billion. As of Jun 29, 2023, Berkshire Hathaway, Inc held 15.36% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 58.85 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $936.3 million and represent 9.64% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.54% shares in the company for having 15.53 million shares of worth $247.11 million while later fund manager owns 12.07 million shares of worth $192.07 million as of Jun 29, 2023, which makes it owner of about 1.98% of company’s outstanding stock.
