Is Paramount Global (NASDAQ: PARA) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Paramount’s Season of Giving.

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Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $13.68 and fluctuated between $13.98 as its day high and $13.65 as its day low. The current market capitalization of Paramount Global is $8.91B. A total of 9.28 million shares were traded on the day, compared to an average of 16.18M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PARA has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 169,782 and the disposition of 83,897 shares. Over the last 12 months, there were 45 BUYs and 13 SELLs from insiders. Insiders purchased 583,813 shares during that period but sold 160,673.

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.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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 $Paramount Global per share for the current quarter. EPS was calculated based on a consensus of Marathon Digital Holdings, Inc. estimates, with a high estimate of $Cara Therapeutics, Inc. per share and a lower estimate of $Plains All American Pipeline, L.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 2.64.

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