Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 0.86%. However, over the last six months, the performance has been weaker by 3.33%. The price of PARA decreased -0.85% over the last 30 days. And in the last five days, it has fallen by -1.68%.
Paramount Global’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $14.54 on 05/03/24 and a low of $9.54 for the same time frame on 06/18/24.
52-week price history of PARA Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Paramount Global’s current trading price is -27.44% away from its 52-week high, while its distance from the 52-week low is 10.59%. The stock’s price range during this time has been between $9.54 and $14.54. The trading volume for the Communication Services sector company’s shares reached about 6.98 million for the day, which was lower than the average daily volume of 10.2 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Paramount Global (PARA) has experienced a quarterly decline of -7.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.51B and boasts a workforce of 21900 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.72, with a change in price of +0.13. Similarly, Paramount Global recorded 8,814,514 in trading volume during the last 100 days, posting a change of +1.25%.
PARA’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its 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 25.57%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 35.14%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 46.25% and 54.95%, respectively.
