Paramount Group Inc (NYSE:PGRE) shares, rose in value on Friday, November 22, with the stock price up by 0.64% to the previous day’s close as strong demand from buyers drove the stock to $4.75.
Actively observing the price movement in the last trading, the stock closed the session at $4.72, falling within a range of $4.695 and $4.77. The value of beta (5-year monthly) was 1.269. Referring to stock’s 52-week performance, its high was $5.92, and the low was $4.21. On the whole, PGRE has fluctuated by -8.65% over the past month.
With the market capitalization of Paramount Group Inc currently standing at about $2.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 2.21%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 760.33M, with a low estimate of 181.9M and a high estimate of 192.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 186.74M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PGRE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PGRE currently trading nearly -4.31% and -5.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.17, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 3.41%. Furthermore, Paramount Group Inc (PGRE)’s beta value is 1.26, and its average true range (ATR) is 0.15.
A comparison of Paramount Group Inc (PGRE) with its peers suggests the former has fared considerably weaker in the market. PGRE showed an intraday change of 0.64% in last session, and over the past year, it grew by 4.86%%.
Data on historical trading for Paramount Group Inc (NYSE:PGRE) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 877.64K. According to company’s latest data on outstanding shares, there are 217.37 million shares outstanding.
Nearly 15.92% of Paramount Group Inc’s shares belong to company insiders and institutional investors own 65.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.15 million shares as on 2024-10-31, resulting in a short ratio of 3.72. According to the data, the short interest in Paramount Group Inc (PGRE) stood at 275.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5.0 million. The stock has fallen by -8.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PGRE stock heading into the next quarter.
