With 12.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.79 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $11.05 whereas the lowest price it dropped to was $10.64. The 52-week range on PARA shows that it touched its highest point at $16.30 and its lowest point at $9.54 during that stretch. It currently has a 1-year price target of $12.14. With its current market cap of 7.58 billion, PARA has annualized dividend of $0.20 while the current yield stands at 1.87%. PARA paid its most recent dividend on 1734307200, while the ex-dividend date for that was 1734307200. Beta for the stock currently stands at 1.73.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PARA was down-trending over the past week, with a drop of -4.56%, but this was up by 0.66% over a month. Three-month performance surged to 2.10% while six-month performance rose 6.16%. The stock lost -31.14% in the past year, while it has lost -27.79% so far this year. A look at the trailing 12-month EPS for PARA yields -8.89 with Next year EPS estimates of 1.59. For the next quarter, that number is 0.23. This implies an EPS growth rate of 254.42% for this year and -13.85% for next year.
Float and Shares Shorts:
At present, 626.00 million PARA shares are outstanding with a float of 591.55 million shares on hand for trading. On 2024-11-29, short shares totaled 66.6 million, which was 999.0 higher than short shares on 1730332800. In addition to Mr. Naveen K. Chopra as the firm’s Executive VP & CFO, Ms. Nancy Ramsey Phillips J.D. serves as its Executive VP & Chief People Officer.
Institutional Ownership:
Through their ownership of 0.77608 of PARA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PARA reported revenue of $6731000000.0 and operating income of $728000000.0. The EBITDA in the recently reported quarter was $857000000.0 and diluted EPS was $0.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PARA since 16 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 6 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PARA analysts setting a high price target of 20.0 and a low target of 10.0, the average target price over the next 12 months is 12.76545. Based on these targets, PARA could surge 87.27% to reach the target high and fall by -6.37% to reach the target low. Reaching the average price target will result in a growth of 19.53% from current levels.
Analysts have provided yearly estimates in a range of $2.22941 being high and $1.67454 being low. For PARA, this leads to a yearly average estimate of $1.84298.
