Paramount Global (NASDAQ:PARA) price on current trading day, rose 0.86% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.75.
A look at the stock’s price movement, the level at last check in today’s session was $11.65, moving within a range at $11.665 and $11.83. The beta value (5-Year monthly) was 1.332. Turning to its 52-week performance, $14.54 and $9.54 were the 52-week high and 52-week low respectively. Overall, PARA moved -1.26% over the past month.
Paramount Global’s market cap currently stands at around $8.33 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 1.70%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 7.12B for the company’s revenue for the quarter, with a low and high estimate of 6.96B and 7.34B respectively. The average forecast suggests down to a -7.31% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 28.77B, representing a -1.51% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PARA is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend PARA as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PARA’s current price about 5.28% and 2.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.70, while 7-day volatility ratio is 2.10% and 3.54% in the 30-day chart. Further, Paramount Global (PARA) has a beta value of 1.22, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $10 and high of $12. Looking at the price targets, the low is 14.89% off recent price level in today’s trading while to achieve the yearly target high, it has to move -2.13%. Nonetheless, investors will most likely welcome a 6.38% jump to $11 which is the analysts’ median price.
If we refocus on Paramount Global (NASDAQ:PARA), historical trading data shows that trading volumes averaged 7.61 over the past 10 days and 9.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 630.00 million shares.
The 11.44% of Paramount Global’s shares are in the hands of company insiders while institutional holders own 72.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 66.45 million on 2025-04-15, giving us a short ratio of 7.23. The data shows that as of 2025-04-15 short interest in Paramount Global (PARA) stood at 1116.0 of shares outstanding, with shares short falling to 73.84 million registered in 2025-03-14. Current price change has pushed the stock 12.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PARA stock continues to rise going into the next quarter.
