Paramount Group Inc (NYSE:PGRE) price on Friday, January 17, fall -0.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.56.
A look at the stock’s price movement, the close in the last trading session was $4.58, moving within a range at $4.54 and $4.63. The beta value (5-Year monthly) was 1.269. Turning to its 52-week performance, $5.47 and $4.21 were the 52-week high and 52-week low respectively. Overall, PGRE moved -7.51% over the past month.
Paramount Group Inc’s market cap currently stands at around $2.33 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.07, with its dividend yield at 1.54%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 186.34M for the company’s revenue for the quarter, with a low and high estimate of 181.9M and 191.6M respectively. The average forecast suggests down to a -3.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 737.09M, representing a -0.77% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PGRE is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend PGRE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PGRE’s current price about -4.48% and -6.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.46, while 7-day volatility ratio is 2.81% and 3.25% in the 30-day chart. Further, Paramount Group Inc (PGRE) has a beta value of 1.24, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $4.5 and high of $10. Looking at the price targets, the low is 1.32% off current price level while to achieve the yearly target high, price needs to move -119.3%. Nonetheless, investors will most likely welcome a -31.58% jump to $6 which is the analysts’ median price.
If we refocus on Paramount Group Inc (NYSE:PGRE), historical trading data shows that trading volumes averaged 1.05 over the past 10 days and 957.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 217.52 million shares.
The 15.92% of Paramount Group Inc’s shares are in the hands of company insiders while institutional holders own 65.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.04 million on 2024-12-31, giving us a short ratio of 3.08. The data shows that as of 2024-12-31 short interest in Paramount Group Inc (PGRE) stood at 266.00001 of shares outstanding, with shares short rising to 2.87 million registered in 2024-11-29. Current price change has pushed the stock -7.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PGRE stock continues to rise going into the next quarter.
