Paramount Global (NASDAQ: PARA) stock closed at $12.44 on 4/19/24 after a major increase of 13.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 216% of normal. The stock has risen 10.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PARA is expected to continue to be a modest Value Builder.
Paramount Global has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Paramount Global has a very high Appreciation Score of 96 but a poor Power Rating of 20, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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