Paramount Global stock trades under the ticker PARAA & has shown recent bullishness that traders & investors should take note of.
PARAA stock closed at $21.39/share on 10/12/2022.
Paramount Global PARAA Stock’s Technical Performance Broken Down
PARAA Stock Price: $21.39
10 Day Moving Average: $21.66
50 Day Moving Average: $25.57
200 Day Moving Average: $31.45
RSI: 34.54
MACD: -1.256
Yesterday, PARAA stock completed a bullish MACD crossover, setlling up 1.8%.
Their recent volume has been below average, and their RSI is oversold, signaling that they’ll continue to move in-step with the broader market indexes.
They have support at the $21.33/share price level, as they try to break out & above the $22.71 & $24.22/share resistance level.
Paramount Global PARAA Stock As A Long-Term Investment
Long-term investors will like PARAA stock’s valuation metrics, with a 4.31 P/E (ttm) & a 0.6 P/B (mrq).
They recently reported 18.5% Quarterly Revenue Growth Y-o-Y, despite -59.6% Quarterly Earnings Growth Y-o-Y, which investors will want to look closer into.
Investors will also want to take a finer look into their balance sheet, with $4.04B of Total Cash (mrq) & $17.32B of Total Debt (mrq).
PARAA stock pays a 4.57% dividend yield, which appears sustainable in the long-run, as their payout ratio is 19.71%.
18.92% of PARAA stock’s outstanding share float is owned by institutional investors.
Paramount Global PARAA Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from movements in PARAA stock’s price, while hedging against broader market volatility.
I am looking at the contracts with the 10/21 expiration date.
The $20 calls are the only strike price currently in-the-money.
The $25 & $22.50 puts are both in-the-money, with the former being more liquid than the latter.
Tying It All Together
PARAA stock has many interesting characteristics that traders & investors are sure to like.
Investors will like their dividend yield, as well as their valuation metrics, but may want to look deeper into their recent growth & balance sheet issues.
Traders may be disappointed in the liquidity of their options, but will like their current technicals.
Overall, it is worth taking a closer look into PARAA stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF PARAA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***