The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Paramount Global (PARA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.10%, to $19.87. The Paramount Global has recorded 95,682 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PARAMOUNT+ ANNOUNCES NEW ORIGINAL SERIES “FATAL ATTRACTION” TO PREMIERE ON SUNDAY, APRIL 30.
The company is listed on the NASDAQ and operates within the Entertainment industry segment. At the end of the last regular session, the stock closed at $19.89 and fluctuated between $19.96 as its day high and $19.32 as its day low. The current market capitalization of Paramount Global is $12.79B. A total of 9.9 million shares were traded on the day, compared to an average of 12.30M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PARA has seen 16 BUY and 12 SELL insider trades, representing the acquisition of 317,496 and the disposition of 161,792 shares. Over the last 12 months, there were 57 BUYs and 19 SELLs from insiders. Insiders purchased 1,191,141 shares during that period but sold 200,424.
In the most recent transaction, NATIONAL AMUSEMENTS INC /MD/ bought 646,764 shares of PARA for 32.37 per share on May 17. After the transaction, the Director now owns 32,012,190 company shares.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Paramount Global pays an annual dividend of $0.96, resulting in a dividend yield of 4.83%, and it has a price to earnings (P/E) ratio of 4.69. PARA’s most recent ex-dividend date was 12/14/2022 when it declared a $0.24 quarterly dividend that was paid in cash on 1/3/2023. Previously, the company paid the dividend on 10/3/2022 with an ex-dividend date of 9/14/2022. The PARA stock dividend was $0.24 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PARA in the last 3 months, the mean price target is $18.67 with high estimates of $32.00 and low estimates of $11.00. In terms of 52-week highs and lows, PARA has a high of $39.21 and a low of $15.29.
As of this writing, PARA has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.28. The company reported an EPS of $0.6 in the last quarter, which was 17.60% higher than expectations of $0.51.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PARA is Sell with a score of 2.65. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 11 thought it should be Sold.