Paramount Group Inc. (NYSE:PGRE) finished Friday with an addition of $0.01 to close at $4.95, an upside of 0.20 percent. An average of 1,184,100 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,637,790 shares traded, while the 50-day average volume stands at 2,009,040.
PGRE stock has decreased by -4.44% in the last month. The company shares reached their 1-month lowest point of $4.66 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $3.90 and a high of $7.95 in 52 weeks. It has reached a new high 8 times so far this year and lost -16.67% or -$0.99 in price. In spite of this, the price is down -37.74% from the 52-week high.
Insider Transactions
PGRE stock investors should be aware that Paramount Group Inc. (PGRE) stock had its last reported insider trading activity 232 days ago on Mar 23.
Valuation Metrics
Paramount Group Inc. (PGRE) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.47, the price-to-book (PB) ratio at 0.31, and the price-to-cash flow ratio at 8.60.
The company’s most recent quarterly dividend payment was $0.0350 a share, representing a down of -55.13% from $0.0780 last year. Its latest decrease dividend $0.0430 reported on Thursday June 15 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.10 for the quarter ending June 29. Its gross profit as reported stood at $170.48 million compared to revenue of $740.38 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Paramount Group Inc.’s return on assets was -1.00%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$47.54 million in the quarter, while revenues of $1.73 million were grew 99.24%. The analyst consensus anticipated Paramount Group Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.02, a 71.40% surprise. For the quarter, EBITDA amounted to $85.39 million. At the end of the quarter ending June 29, Paramount Group Inc.’s stock balance sheet showed total debt was $3.84 billion. Shareholders own equity worth $217.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Paramount Group Inc. (PGRE) price momentum. RSI 9-day as of the close on 11 August was 50.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.37%.
As of today, PGRE’s price is $4.92 +2.27% or $0.11 from its 5-day moving average. PGRE is currently trading -3.70% lower than its 20-day SMA and +16.47% higher than its 100-day SMA. However, the stock’s current price level is +14.06% above the SMA50 and -26.12% below the SMA200.
The stochastic %K and %D were 37.95% and 37.61%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 44.62% and the average true range at 0.19, the RSI (14) stands at 51.69%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
The consensus rating for Paramount Group Inc. (PGRE) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell PGRE, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is PGRE’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $7.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Paramount Group Inc. (PGRE) stock is $4.90.
