Paramount Global’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $19.04 on 12/11/23, and the lowest price during that time was $10.12, recorded on 04/10/24.
52-week price history of PARA Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Paramount Global’s current trading price is -30.20% away from its 52-week high, while its distance from the 52-week low is 31.32%. The stock’s price range during this period has fluctuated between $10.12 and $19.04. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 23.29 million for the day, which was evidently higher than the average daily volume of 21.82 million over the last three months.
Financial Performance and Market Capitalization
Paramount Global (PARA) has experienced a quarterly decline of -5.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.86B and boasts a workforce of 21900 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.78, with a change in price of -2.95. Similarly, Paramount Global recorded 20,271,482 in trading volume during the last 100 days, posting a change of -18.17%.
PARA Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PARA stands at 0.72. Similarly, the long-term debt-to-equity ratio is also 0.72.
PARA Stock Stochastic Average
The raw stochastic average for Paramount Global over the last 50 days is presently at 71.72%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 71.72%. Further, the company’s Stochastic %K and %D values for the last 20 days were 76.97% and 71.89%, respectively.
PARA Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -10.14%. However, over the past six months, we’ve seen a weaker performance of 11.49%. The price of PARA fallen by 11.03% over the last 30 days. And in the last five days, it has surged by 8.49%.
