Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Paramount Global’s current trading price is -40.17% away from its 52-week high, while its distance from the 52-week low is 9.75%. The stock’s price range during this period has varied between $9.54 and $17.50. The company, active in the Communication Services sector, saw a trading volume of around 3.97 million for the day, considerably lower average daily volume of 8.47 million observed over the last three months.
Paramount Global’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $17.50 on 12/11/23, and the lowest price during that time was $9.54, recorded on 06/18/24.
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How Financial Performance Impacts Market Capitalization
Paramount Global (PARA) has experienced a quarterly decline of -8.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.98B and boasts a workforce of 21900 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.72, with a change in price of -1.50. Similarly, Paramount Global recorded 10,916,812 in trading volume during the last 100 days, posting a change of -12.53%.
How PARA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PARA stands at 0.95. Similarly, the long-term debt-to-equity ratio is also 0.95.
PARA Stock Stochastic Average
As of today, the raw stochastic average of Paramount Global over the last 50 days is at 34.44%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 60.98%. Further, the company’s Stochastic %K and %D values for the last 20 days were 36.87% and 22.92%, 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. Until today this year the stock’s price performance recorded a decrease of -29.21%. However, over the last six months, the performance has been stronger by -8.08%. The price of PARA decreased -1.41% over the last 30 days. And in the last five days, it has surged by 1.95%.
