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Wednesday, December 6, 2023

Is Paramount Global (NASDAQ: PARA) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Paramount Global (PARA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.07%, to $13.75. The Paramount Global has recorded 335,324 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Paramount Global Announces Cash Tender Offers for Up to $1 Billion Combined Aggregate Purchase Price of Certain Outstanding Debt Securities.

Stocks Info

Paramount Global is listed on the NASDAQ in the Communication Services sector while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $13.76 and fluctuated between $13.81 as its day high and $12.85 as its day low. The current market capitalization of Paramount Global is $8.96B. A total of 31.9 million shares were traded on the day, compared to an average of 11.78M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PARA has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 67,878 and the disposition of 34,631 shares. Over the last 12 months, there were 54 BUYs and 16 SELLs from insiders. Insiders purchased 580,804 shares during that period but sold 161,897.

In the most recent transaction, REDSTONE SHARI bought 165,000 shares of PARA for 15.06 per share on May 16. After the transaction, the Director now owns 577,064 company shares.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PARA’s most recent ex-dividend date was 12/14/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The PARA stock dividend was $0.05 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PARA has a high of $25.93 and a low of $10.51.

As of this writing, PARA has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.05. The company reported an EPS of $0.09 in the last quarter, which was -47.10% lower than expectations of $0.17.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PARA’s latest balance sheet shows that the firm has $6.27B in Cash & Short Term Investments as of fiscal 2021. There were $19.31B in debt and $9.48B in liabilities at the time. Its Book Value Per Share was $33.53, while its Total Shareholder’s Equity was $22.97B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 2.63.

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