Paramount Group Inc. (NYSE:PGRE) saw an upside of 2.48% to close Monday at $4.96 after adding $0.12 on the day. The 5-day average trading volume is 2,510,640 shares of the company’s common stock. It has gained $5.17 in the past week and touched a new high 1 time within the past 5 days. An average of 1,824,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,052,340.
PGRE’s 1-month performance is 0.40% or $0.02 on its low of $4.66 reached on 08/03/23. The company’s shares have touched a 52-week low of $3.90 and high of $7.95, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PGRE has lost -16.50% or -$0.98 and has reached a new high 8 times. However, the current price is down -37.61% from the 52-week high price.
Insider Transactions
PGRE stock investors last saw insider trading activity on Mar 23.Bussmann Martin (Director) most recently sold 17,000 shares at $5.81 per share on Dec 23. This transaction cost the insider $98,702.
Valuation Metrics
PGRE stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 0.31, with the price to cash flow ratio at 8.62.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.10, while the total debt to equity was 1.10. In terms of profitability, the gross margin trailing 12 months is 61.20%. The firm’s gross profit as reported stood at $170.48 million against revenue of $740.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 99.24% to -$47.54 million, while revenue of $1.73 million was 103.64% off the previous quarter. Analysts expected PGRE to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.02, representing a 71.40% surprise. EBITDA for the quarter stood at more than $85.39 million. Shareholders hold equity totaling $217.31 million.
Let’s look briefly at Paramount Group Inc. (PGRE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 50.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 51.23%.
The stock’s 5-day moving average is $4.88, reflecting a -5.34% or -$0.28 change from its current price. PGRE is currently trading -0.80% above its 20-day SMA, +3.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.96% and SMA200 by-25.75%.
Stochastic %K and %D was 33.85% and 30.91% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 51.95%, while the 14-day stochastic is at 46.15% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.14 on the 14-day charts.
