How to Buy Paramount Global Stock
Paramount Global
Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.
Paramount Global stock last closed at $10.97, up 1.48% from the previous day, and has decreased 49.73% in one year. It has underperformed other stocks in the Entertainment industry by 0.6 percentage points. Paramount Global stock is currently +8.4% from its 52-week low of $10.12, and -54.29% from its 52-week high of $24.00.
As of Apr 18, 2024, there are 652.49M PARA shares outstanding. The market value of PARA is $7.16B. In the last 24 hours, 10M PARA shares were traded.
How to Buy Paramount Global Stock
Wondering how to invest in Paramount Global stock? Here's how.
- Decide where to buy Paramount Global stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Paramount Global stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your information.
- Research Paramount Global stock: The Paramount Global ticker symbol is PARA. Is Paramount Global stock a good investment? Should you buy shares of PARA? How do PARA's underlying business fundamentals look? Do top analysts think Paramount Global is a good buy? Why has PARA's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if PARA is a good stock to buy).
- Place your PARA purchase: Decide if you will purchase PARA shares at the current market price or use a limit order to buy PARA shares at a specific price.
- Track your investment in PARA: Create a watchlist to get live updates on your investment in Paramount Global shares.
Step 1: Decide where to buy Paramount Global stock
You will need an online brokerage account to access the NASDAQ market and buy PARA shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
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- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you can invest in PARA today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on the best stock app, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details depositing funds into your brokerage account.
Step 4: Research Paramount Global stock
After you have identified the best place to buy Paramount Global stock, it's absolutely critical to research their stock prior to investing, so you actually comprehend the risk and opportunity.
Paramount Global Numbers
Paramount Global Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on PARA's stock page.
Is PARA stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge PARA's fair value.
Using relative valuations ratios:
- PARA could be undervalued based on its P/B ratio of 0.32x, relative to Entertainment industry P/B ratio of 2.73x
You can access more valuation analysis on PARA's stock here.
How do PARA Financials look?
Pros:
- Total PARA debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the PARA balance sheet.
Cons:
- PARA earnings of -$49.00M is not enough to cover its interest payments.
- PARA's operating cash flow of $475.00M allows it to safely service it's debt of $15.86B.
- There are more long-term liabilities than short-term assets on the PARA balance sheet.
- PARA has a relatively high debt to equity ratio of 1.35.
- PARA profit margin has gone down from 3.7% to -2.1% in the past year.
Is PARA stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 11 sell side analysts who track PARA, the consensus analyst rating on Paramount Global is a Sell
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent PARA Analyst Recommendations
Hamilton Faber, a top 29% analyst from Redburn Atlantic downgrades PARA to a strong sell rating and announces their PARA price target of $11.00, on Jan 11, 2024.
Robert Fishman, a bottom 39% analyst from Moffett Nathanson upgrades PARA to a hold rating and announces their PARA price target of $13.00, on Jan 9, 2024.
Steven Cahall, a top 10% analyst from Wells Fargo upgrades PARA to a hold rating and raises their PARA price target from $15.00 to $18.00, on Dec 20, 2023.
Alan Gould, a bottom 11% analyst from Loop Capital downgrades PARA to a strong sell rating and announces their PARA price target of $12.00, on Dec 11, 2023.
Jessica Reif Ehrlich, a top 30% analyst from Bank of America downgrades PARA to a sell rating and announces their PARA price target of $9.00, on Nov 6, 2023.
You can dive deeper into what analysts are forecasting on the Paramount Global stock forecast page.
PARA Momentum
How is PARA performing as a company?
Last year, PARA revenue was $29.65B. Over the past five year, PARA's revenue has grown by 2.33% per year. This was slower than the Entertainment industry average of 15.12%.
Dive into PARA's earnings and revenue performance here.
What are PARA executives and large shareholders up to?
Over the past 12 months, insiders at PARA have sold more shares than they have bought.
Nancy R. Phillips, EVP Chief People Officer of PARA, was the latest PARA insider to sell. They sold $68,185.65 worth of PARA shares on Mar 1, 2024.
Learn more about who owns PARA stock here.
Does PARA stock generate passive income?
Paramount Global pays a dividend of 1.82%, compared to the Entertainment industry's average dividend yield of 1.94%. If you owned $1,000 worth of PARA stock, you would have been paid $18.23 last year.
Paramount Global dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Paramount Global dividend yield and history here.
PARA Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your PARA purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require more info about buying stocks on eToro, click the how to video below:
Step 6: Track your investment in PARA
Now that you own some PARA shares, you'll want to keep up with your new investment.
Start a watchlist to get alerted to the latest events about your PARA stock.
PARA Feed
How to Buy Stock in Paramount Global
To summarize, here are the 6 steps you need to take to buy Paramount Global stock right now:
- Decide where to buy Paramount Global stock
- Create a brokerage account
- Fund your investment account
- Research Paramount Global stock
- Place your PARA purchase
- Track your investment in PARA
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Paramount Global, create your watchlist below.
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