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PARA Stock on the Rise: A Promising Investment

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In terms of market performance, Paramount Global had a fairly uneven. The highest value for the stock in the past year was $15.70 on 01/31/24, and the lowest value was recorded at $9.54 on 06/18/24.

52-week price history of PARA Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Paramount Global’s current trading price is -34.08% away from its 52-week high, while its distance from the 52-week low is 8.49%. The stock’s price range during this period has spanned from $9.54 to $15.70. In the Communication Services sector, the Paramount Global’s shares surpassed a trading volume of approximately 9.65 million for the day, which was noticeably higher compared to the average daily volume of 9.8.68 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Paramount Global (PARA) has experienced a quarterly decline of -1.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.43B and boasts a workforce of 21900 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 10.69, with a change in price of -0.76. Similarly, Paramount Global recorded 9,355,365 in trading volume during the last 100 days, posting a change of -6.84%.

Examining PARA’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for PARA stands at 0.94. Similarly, the long-term debt-to-equity ratio is also 0.94.

PARA Stock Stochastic Average

Today’s raw stochastic average for Paramount Global over the last 50 days is 8.87%.This indicates a increase from the raw stochastic average of the past 20 days, which was 1.48%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 6.91% and 15.44%, respectively.

PARA Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -30.02% this year. Over the last six months, there has been a weaker performance of 2.37%. The price of PARA leaped by -6.67% during the last 30 days period. For the last 5-days stocks have slided -5.74%.

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