Paramount Global (NASDAQ:PARA) price is hovering lower on Tuesday, April 16, dropping -2.89% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $10.90. Taking into account the 52-week price action we note that the stock hit a 52-week high of $24.00 and 52-week low of $10.12. The stock subtracted -5.58% on its value in the past month.
Paramount Global, which has a market valuation of $7.03 billion. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 1.89%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PARA a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that PARA’s price is at present -8.47% off the SMA20 and -10.12% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.82, with weekly volatility standing at 5.12%. The indicator jumps to 6.03% when calculated based on the past 30 days. Paramount Global (NASDAQ:PARA)’s beta value is holding at 1.78, while the average true range (ATR) indicator is currently reading 0.65.
An analysis of the Paramount Global (NASDAQ:PARA) stock in terms of its daily trading volume indicates that the 3-month average is 19.90 million.
Current records show that the company has 612.00M in outstanding shares. The insiders’ percentage holdings are 11.41% of outstanding shares while the percentage share held by institutions stands at 73.26%. But the -28.43% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
