Paramount Global (PARA) September 2024 Stock Analysis
Publication Date: September 22, 2024
Company Overview
Paramount Global (PARA) is a distinguished media, streaming, and entertainment conglomerate headquartered in New York City. Founded in 1914, the company operates within the Communication Services sector, particularly in the Movies & Entertainment sub-industry. Paramount’s business model encompasses a variety of segments, including TV Media, Direct-to-Consumer, and Filmed Entertainment. The company provides content through renowned domestic broadcast networks such as CBS, alongside global streaming platforms like Paramount+ and Pluto TV. Paramount is also committed to the production and distribution of diverse films and television programs across multiple channels, positioning itself as a leading force in the competitive landscape of entertainment.
Market Performance and Analyst Sentiment
As of the current analysis, Paramount Global’s stock is trading at $10.37, significantly below the fifty-day moving average of $10.84. Analysts have indicated a target high price of $19.00, reflecting a bullish outlook for the company’s prospects, while the mean target price is set at approximately $12.33. Based on 21 analyst opinions, the recommendation stands at “hold,” suggesting a cautious approach for investors. Current metrics reveal a total revenue of about $29.27 billion, illustrating the company’s robust financial capabilities, yet the lack of EBITDA data has raised questions regarding its operational profitability. Investors are advised to exercise caution but remain optimistic about the company’s long-term growth potential.
Key Metrics and Stock Insights
Paramount Global has 626,012,032 shares outstanding, with approximately 9.33% held short, indicating some bearish sentiment but a predominantly optimistic outlook among long-term holders. The stock’s volatility is evident, with a 52-week range between $9.54 and $17.50, placing the current price near its yearly low. This fluctuation invites investors to investigate the underlying factors affecting stock performance and market demand. Despite the recent downturn, the financial landscape suggests that Paramount holds potential for recovery, making it an attractive watch for investors strategizing for the long term.
| Metric | Value |
|---|---|
| Market Cap | $7.4b |
| Total Debt | $15.7b |
| Total Cash | $2.3b |
| Shares Outstanding | 626.0m |
| Float Shares | 600.0m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.