Para stock price has matched key Fibonacci retracement

Para stock price has matched key Fibonacci retracement levels after its February lows, aligning with bullish technical forecasts into late spring. It is also worth noting that PARA currently has a PEG ratio of 1.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Media Conglomerates industry was having an average PEG ratio of 1.75. According to the TipRanks Stock Forecast page, the company is expected to post adjusted earnings per share (EPS) of $0.34 on revenue of $6.87 billion for the second quarter of fiscal 2025. This represents a decline from PARA’s Q2FY24 EPS figure of $0.54, while revenue is expected to remain similar at $6.81 billion. The latest institutional buying of Para shares pushed the Para stock price close to $11.50, suggesting confidence in the company’s restructuring plan. Support remains firm at $11.25 based on recent order flow analysis.