Paramount Group Inc (NYSE:PGRE) shares, rose in value on Friday, January 24, without any change to the previous day’s close as strong demand from buyers drove the stock to $4.60.
Actively observing the price movement in the last trading, the stock closed the session at $4.60, falling within a range of $4.555 and $4.645. 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 -4.37% over the past month.
With the market capitalization of Paramount Group Inc currently standing at about $2.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 1.52%.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell 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 -3.16% and -4.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.68, while the 7-day volatility ratio is showing 3.26% which for the 30-day chart, stands at 2.97%. Furthermore, Paramount Group Inc (PGRE)’s beta value is 1.23, and its average true range (ATR) is 0.16.
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 0.00% in last session, and over the past year, it shrunk by -8.00%%.
Data on historical trading for Paramount Group Inc (NYSE:PGRE) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 994.92K. 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 64.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.04 million shares as on 2024-12-31, resulting in a short ratio of 3.08. According to the data, the short interest in Paramount Group Inc (PGRE) stood at 266.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 2.87 million. The stock has fallen by -6.88% 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.
