Paramount Group Inc (NYSE:PGRE) shares, rose in value on Friday, January 03, with the stock price up by 1.61% to the previous day’s close as strong demand from buyers drove the stock to $5.04.
Actively observing the price movement in the last trading, the stock closed the session at $4.96, falling within a range of $4.98 and $5.09. The value of beta (5-year monthly) was 1.269. Referring to stock’s 52-week performance, its high was $5.47, and the low was $4.21. On the whole, PGRE has fluctuated by 6.11% over the past month.
With the market capitalization of Paramount Group Inc currently standing at about $2.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 2.08%.
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 Hold 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 100% Buy.
The stock’s technical analysis shows that the price of PGRE currently trading nearly 3.62% and 2.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.24, while the 7-day volatility ratio is showing 2.56% which for the 30-day chart, stands at 3.08%. Furthermore, Paramount Group Inc (PGRE)’s beta value is 1.24, 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 1.61% in last session, and over the past year, it grew by 0.60%%.
Data on historical trading for Paramount Group Inc (NYSE:PGRE) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 929.29K. According to company’s latest data on outstanding shares, there are 217.52 million shares outstanding.
Nearly 15.92% of Paramount Group Inc’s shares belong to company insiders and institutional investors own 65.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.81 million shares as on 2024-12-13, resulting in a short ratio of 3.51. According to the data, the short interest in Paramount Group Inc (PGRE) stood at 246.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.68 million. The stock has risen by 2.02% 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.
