In today’s recent session, 9.64 million shares of the Paramount Global (NASDAQ:PARA) have been traded, and its beta is 1.71. Most recently the company’s share price was $12.15, and it changed around -$0.29 or -2.33% from the last close, which brings the market valuation of the company to $8.07B. PARA at last check was trading at a discount to its 52-week high of $24.00, offering almost -97.53% off that amount. The share price’s 52-week low was $10.12, which indicates that the recent value has risen by an impressive 16.71% since then. We note from Paramount Global’s average daily trading volume that its 3-month average coming to 20.54 million.
Paramount Global (NASDAQ:PARA) trade information
Instantly PARA has been showing red trend so far today with a performance of -2.33% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -17.85% year-to-date, but still up 11.47% over the last five days. On the other hand, Paramount Global (NASDAQ:PARA) is 2.79% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $18.92, which translates to bulls needing to increase their stock price by 35.78% from its current value. Analyst projections state that PARA is forecast to be at a low of $12 and a high of $37.
Paramount Global (PARA) estimates and forecasts
Paramount Global share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.14 percent over the past six months and at a 130.77% annual growth rate that is well above the industry average of 3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 300.00% in revenue this quarter, and will report an increase of 10.00% in the next quarter. The year-over-year growth rate is expected to be 3.70%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $7.73 billion in revenue for the current quarter. 21 analysts expect Paramount Global to make $7.39 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $7.26 billion and $7.62 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.40%. Forecasts for the next quarter put sales growth at -3.00%.
Paramount Global earnings are expected to increase by 114.16% in 2024, but the outlook is positive 54.87% per year for the next five years.
PARA Dividends
Paramount Global’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.65 percent and its annual dividend per share was 0.20. It is important to note, however, that the 1.65% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
