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 -9.42% away from its 52-week high, while its distance from the 52-week low is 23.72%. The stock’s price range during this period has varied between $9.95 and $13.59. The company, active in the Communication Services sector, saw a trading volume of around 6.52 million for the day, considerably lower average daily volume of 8.84 million observed over the last three months.
Paramount Global (PARA) currently has a stock price of $12.31. The stock saw a sharp increase in the last trading session, hitting a high of $20.0 after opening at $12.31. The lowest recorded price for the day was $8.5 before it closed at $13.01.
Paramount Global had a pretty favorable run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
Paramount Global (PARA) has experienced a quarterly rise of 7.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.55B and boasts a workforce of 22100 employees.
Decoding Analysts’ Ratings for Paramount Global
As of right now, 2 analysts are rating Paramount Global as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts are recommending to HOLD this stock, 3 of them gave the stock UNDERWEIGHT rating, and 7 analysts are rating the stock as SELL.
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 12.00, with a change in price of +0.84. Similarly, Paramount Global recorded 8,726,020 in trading volume during the last 100 days, posting a change of +7.32%.
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 0.93. Similarly, the long-term debt-to-equity ratio is also 0.91.
PARA Stock Stochastic Average
As of today, the raw stochastic average of Paramount Global over the last 50 days is at 37.56%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 37.56%. Further, the company’s Stochastic %K and %D values for the last 20 days were 53.17% and 61.45%, respectively.
PARA Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 7.79%.However, over the last six months, we can see a weaker performance of 13.14%. Over the last 30 days, the price of PARA has leaped by -4.57%. And in the last five days, it has fallen by -5.60%.
