Paramount Global stock (NASDAQ
However, now that Paramount stock has seen a rise of about 5% over the last month, will it continue its upward trajectory in the near term, or is a sell-off imminent? Going by historical performance, there is a 55% chance of a rise in PARA stock over the next month. Out of 728 instances in the last ten years that Paramount stock saw a twenty-one-day rise of 5% or more, 401 of them resulted in the stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 401 out of 728, or a 55% chance of a rise in PARA stock over the coming month, implying a positive near-term outlook for the stock. See our analysis on Paramount Stock Chance of A Rise for more details.
Calculation of ‘Event Probability’ and ‘Chance of Rise’ using the last ten years’ data
- After moving 3.1% or more over five days, the stock rose in the next five days on 55% of the occasions.
- After moving 2.3% or more over ten days, the stock rose in the next ten days on 53% of the occasions
- After moving 5% or more over a twenty-one-day period, the stock rose in the next twenty-one days on 55% of the occasions.
See our analysis on Paramount Global Valuation: Expensive Or Cheap for more details on Paramount’s valuation. We value Paramount stock at about $26 per share, about 41% ahead of the current market price. Check out our analysis of Paramount Global Revenue for a closer look at the company’s business model and key revenue streams.
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