During the last session, Paramount Global (NASDAQ:PARA)’s traded shares were 18.65 million, with the beta value of the company hitting 1.77. At the end of the trading day, the stock’s price was $10.47, reflecting an intraday gain of 0.10% or $0.01. The 52-week high for the PARA share is $17.50, that puts it down -67.14 from that peak though still a striking 8.88% gain since the share price plummeted to a 52-week low of $9.54. The company’s market capitalization is $6.98B, and the average intraday trading volume over the past 10 days was 10.4 million shares, and the average trade volume was 14.27 million shares over the past three months.
Paramount Global (PARA) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.34. PARA has a Sell rating from 6 analyst(s) out of 16 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
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Paramount Global (NASDAQ:PARA) trade information
Paramount Global (PARA) registered a 0.10% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.10% in intraday trading to $10.47, hitting a weekly high. The stock’s 5-day price performance is -7.83%, and it has moved by -5.76% in 30 days. Based on these gigs, the overall price performance for the year is -30.66%. The short interest in Paramount Global (NASDAQ:PARA) is 53.62 million shares and it means that shorts have 5.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 30.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $37 respectively. As a result, PARA is trading at a discount of -253.39% off the target high and 23.59% off the low.
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 -4.38% during the last six months, with a year-to-date growth rate more than the industry average at 201.92% against 7.60.
While earnings are projected to return 189.49% in 2024, the next five years will return 46.35% per annum.
PARA Dividends
Paramount Global is due to release its next quarterly earnings on 2024-Oct-31. 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 0.20, with the dividend yield indicating at 1.91 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.3%.
Paramount Global (NASDAQ:PARA)’s Major holders
Paramount Global insiders own 5.55% of total outstanding shares while institutional holders control 73.21%, with the float percentage being 77.51%. VANGUARD GROUP INC is the largest shareholder of the company, while 986.0 institutions own stock in it. As of 2024-06-30, the company held over 63.85 million shares (or 9.7636% of all shares), a total value of $663.45 million in shares.
The next largest institutional holding, with 58.04 million shares, is of BLACKROCK INC.’s that is approximately 8.8751% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $603.07 million.
