The post Why the PARA Stock Price is so Low, Will It Break All-Time Low? appeared on BitcoinEthereumNews.com.

1 The PARA Stock has declined by 49.04% in the last six months. 2 Paramount Global yielded a dividend of 1.74% in the financial year 2022. Paramount Global operates in the Consumer Services sector and serves in broadcasting services. The company was founded in the year 1986 and has more than 24K employees working for the company. The market cap of the PARA stock is $7.609B and there are 576.414M shares floating in the market. Paramount Global yielded a dividend of 5.69% in 2022, resulting in a payout ratio of 59.66%. The PARA stock has a beta of 2.4, which is more than double the neutral point. It indicates that the PARA stock is slightly more volatile than the average of the market.  The EPS of the PARA stock is negative to -$1.88, which shows that the company is making a loss on each share. The gross margin of the Paramount Global is 23.40%.  The PARA Stock Price is Consistently Declining After Triangle Breakdown Source: Tradingview: 1D : PARA: NASDAQ The PARA share price is consistently facing a decline after hitting a high level of $101.97 in 2021. The initial decline in the stock price after forming the high was so strong that the price broke by more than 50% in just five days. The bearish trend is still continuing and forming lower-low patterns. It has led to a further decline in the PARA stock price and the share is still making a bearish candlesticks pattern. With this decline in the share price, the technical indicators have also become bearish and are giving a sell signal. The share price of PARA stock has declined below the crucial EMAs and the RSI is trading below the 50-level. Financial Performance of the PARA Stock Source: Tradingview In the year ending 2020, Paramount…

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Filed under: News - @ October 24, 2023 12:24 am