In last trading session, Paramount Global (NASDAQ:PARA) saw 18.48 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $12.26 trading at $0.87 or 7.64% at ring of the bell on the day assigns it a market valuation of $8.17B. That closing price of PARA’s stock is at a discount of -95.76% from its 52-week high price of $24.00 and is indicating a premium of 17.46% from its 52-week low price of $10.12. Taking a look at company’s average trading volume volume of 21.07 million if we extend that period to 3-months.
Paramount Global (NASDAQ:PARA) trade information
Upright in the green during last session for gaining 7.64%, in the last five days PARA remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $12.26 price level, adding 3.84% to its value on the day. Paramount Global’s shares saw a change of -17.11% in year-to-date performance and have moved -3.31% in past 5-day. Paramount Global (NASDAQ:PARA) showed a performance of 4.25% in past 30-days.
Paramount Global (PARA) estimates and forecasts
Statistics highlight that Paramount Global is scoring comparatively higher than the scores of other players of the relevant industry. The company added 11.45% of value to its shares in past 6 months, showing an annual growth rate of 126.92% while that of industry is 3.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 10.00% in the current quarter and calculating 6.70% increase in the next quarter. This year revenue growth is estimated to rise 3.10% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.28 billion for the same. And 21 analysts are in estimates of company making revenue of $7.25 billion in the next quarter that will end on Sep 2024. Company posted $7.62 billion and $7.13 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -4.30% while estimating it to be 1.60% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 140.21% while estimates for its earnings growth in next 5 years are of 54.87%.
PARA Dividends
Paramount Global is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
