In yesterday’s Wall Street session, Paramount Global (NASDAQ:PARA) shares traded at $10.81, down -1.55% from the previous session.
PARA stock price is now -0.08% away from the 50-day moving average and -3.11% away from the 200-day moving average. The market capitalization of the company currently stands at $7.67B.
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With the price target enhanced from $10 to $11, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Paramount Global (NASDAQ: PARA). On July 09, 2024, Wolfe Research Downgraded its previous ‘Peer Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $10, while ‘Goldman’ rates the stock as ‘Sell’
In other news, Robbins Brian, Office of the CEO sold 85,355 shares of the company’s stock on Nov 12 ’24. The stock was sold for $973,047 at an average price of $11.40. Upon completion of the transaction, the Office of the CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Trustee is Officer THE SRR FAMILY TRUST bought 85,355 shares of the business’s stock. A total of $973,124 was incurred on buying the stock at an average price of $11.40. A total of 11.31% of the company’s stock is owned by insiders.
During the past 12 months, Paramount Global has had a low of $9.54 and a high of $16.30. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 1.27, and a quick ratio of 1.10. The fifty day moving average price for PARA is $10.8128 and a two-hundred day moving average price translates $11.15435 for the stock.
The latest earnings results from Paramount Global (NASDAQ: PARA) was released for 2024-09-30. The net profit margin was -20.50% and return on equity was -31.05% for PARA. The company reported revenue of $6.73 billion for the quarter, compared to $7.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.64 percent.
