Paramount Global (NASDAQ:PARA)’s traded shares stood at 5.66 million during the last session, with the company’s beta value hitting 1.78. At the close of trading, the stock’s price was $10.27, to imply a decrease of -0.29% or -$0.03 in intraday trading. The PARA share’s 52-week high remains $17.50, putting it -70.4% down since that peak but still an impressive 7.11% since price per share fell to its 52-week low of $9.54. The company has a valuation of $6.85B, with an average of 5.24 million shares in intraday trading volume over the past 10 days and average of 8.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Paramount Global (PARA), translating to a mean rating of 3.34. Of 16 analyst(s) looking at the stock, 6 analyst(s) give PARA a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 5 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.22.
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Paramount Global (NASDAQ:PARA) trade information
After registering a -0.29% downside in the last session, Paramount Global (PARA) has traded red over the past five days. The 5-day price performance for the stock is -1.72%, and -3.66% over 30 days. With these gigs, the year-to-date price performance is -30.56%. Short interest in Paramount Global (NASDAQ:PARA) saw shorts transact 63.16 million shares and set a 7.13 days time to cover.
The extremes give us $8 and $37 for target low and target high price respectively. As such, PARA has been trading -260.27% off suggested target high and 22.1% from its likely low.
Paramount Global (PARA) estimates and forecasts
Looking at statistics comparing Paramount Global share performance against respective industry, we note that the company has outperformed competitors. Paramount Global (PARA) shares are -13.77% down over the last 6 months, with its year-to-date growth rate higher than industry average at 203.85% against 0.10%. Revenue is forecast to shrink -26.70% this quarter before jumping 350.00% for the next one. The rating firms project that company’s revenue will grow 0.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 22 analysts is 6.97B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 8.29B.Earnings reports from the last fiscal year show that sales brought in 7.13B and 7.64B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.30% before jumping 8.60% in the following quarter.
PARA Dividends
Paramount Global has its next earnings report out on 2024-Nov-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Paramount Global has a forward dividend ratio of 0.20, with the share yield ticking at 1.95% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.3%.
Paramount Global (NASDAQ:PARA)’s Major holders
Paramount Global insiders hold 5.55% of total outstanding shares, with institutional holders owning 74.29% of the shares at 78.65% float percentage. In total, 74.29% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 63.85 million shares (or 9.7636% of shares), all amounting to roughly $663.45 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 58.04 million shares, or about 8.8751% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $603.07 million.
