Shares of Industrials sector company Paramount Global moved -7.4% today, and are now trading at a price of $11.89. The large-cap stock's daily volume was 11,528,787 compared to its average volume of 11,947,517. The S&P 500 index returned a -0.0% performance.
Paramount Global operates as a media and entertainment company worldwide. The company is based in New York and has 24,500 full time employees. Its market capitalization is $7,887,110,656. Paramount Global currently offers its equity investors a dividend that yields 4.5% per year.
26 analysts are following Paramount Global and have set target prices ranging from $10.0 to $32.0 per share. On average, they have given the company a rating of hold. At today's prices, PARA is trading -27.25% away from its average analyst target price of $16.35 per share.
Over the last year, PARA shares have gone down by -22.0%, which represents a difference of -40.0% when compared to the S&P 500. The stock's 52 week high is $25.93 per share and its 52 week low is $10.51. Although Paramount Global's average free cash flow over the last 6 years has been $541.33 Million, they have been decreasing at an average rate of -23.0%. For this reason, investors may continue to shun the stock.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | -773,000 | 347,000 | -1,120,000 | -705.76 |
| 2022 | 219,000 | 358,000 | -139,000 | 90.49 |
| 2021 | 953,000 | 2,415,000 | -1,462,000 | -174.4 |
| 2020 | 2,294,000 | 329,000 | 1,965,000 | 122.03 |
| 2019 | 1,230,000 | 345,000 | 885,000 | -71.63 |
| 2018 | 3,464,000 | 345,000 | 3,119,000 |
