Paramount Global (NASDAQ:PARA) currently has a daily average trading volume of 20.64M but it saw 18022940 shares traded in last market. With a market cap of 8.12B USD, the company’s current market price of $12.18 came falling about -3.94 while comparing to the previous closing price of $12.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.00 and as low as $10.12.
Taking a look at 20-day trading activity of Paramount Global (PARA) gives us an average price of $11.67, while its current price level is -49.25% below from 52-week high level whereas it is 20.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.52 while that of 200 days or SMA-200 reads an average of $13.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.58% during that period while stretching the period over a month that increases to 6.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.24 which implies that the stock is in neutral territory.
Rosenblatt upgraded its recommendation for the stock as a “Neutral” from “Sell” on March 21, 2024 while assigning a price target range of $9-$13. Redburn Atlantic issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $17 and $11.
Over the week, PARA’s stock price is moving 11.03% up while it is 7.12% when we observe its performance for the past one month. Year-to-date it is -17.65% down and over the past year, the stock is showing a downside performance of -44.56%.
Currently, Paramount Global’s total number of outstanding shares is 612.00M. Company’s return on investment (ROI) stands at -2.87% and return on equity (ROE) at -5.64%. It has a 8.94 of forward P/E ratio. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.35 while price to sale or P/S ratio amounts to 0.27. Its return on asset (ROA) is -2.29% on average.
