As of Thursday close, Paramount Group Inc.’s (NYSE:PGRE) stock was down -$0.41, moving down -7.85 percent to $4.81. The average number of shares traded per day over the past five days has been 1,335,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.45 fall in that time frame. In the last twenty days, the average volume was 1,212,765, while in the previous 50 days, it was 1,375,160.
Since last month, PGRE stock retreated 0.00%. Shares of the company fell to $4.74 on 08/22/23, the lowest level in the past month. A 52-week high of $7.04 was reached on 02/02/23 after having rallying from a 52-week low of $3.90. Since the beginning of this year, PGRE’s stock price has dropped by -19.02% or -$1.13, and marked a new high 8 times. However, the stock has declined by -31.68% since its 52-week high.
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PGRE stock investors should be aware that Paramount Group Inc. (PGRE) stock had its last reported insider trading activity 36 days ago on Aug 17. Behler Albert P., the Chairman, CEO and President of the company, purchased of 20,000 shares for $4.73 on Aug 17. It resulted in a $94,540 investment by the insider. Behler Albert P. added 50,000 shares at an average price of $4.64 on Aug 16. The insider now owns 621,812 shares following the transaction. On Mar 23, Chairman, CEO and President Behler Albert P. bought 50,000 shares at $4.10 apiece. The transaction was valued at $205,050.
Valuation Metrics
The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 0.30, and the price-to-cash flow ratio of 8.00 may also be considered.
The latest dividend of $0.0350 per share was paid out, remained unchanged from last year’s $0.0350. On Thursday June 15 2023, a $0.0430 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.10, and the total debt-to-equity ratio was 1.10. On the profitability front, the trailing twelve-month gross margin is 61.20% percent. In the recent year, operating margins totaled 20.30%. Based on annual data, PGRE earned $170.48 million in gross profit and brought in $740.38 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was -2.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PGRE’s revenue fell -7.45% to $188.47 million during the quarter, while net income inched up to $172.66 million. During the quarter, the company generated $85.39 million in EBITDA. The value of shareholders’ equity is $217.31 million.
Technical Picture
This quick technical analysis looks at Paramount Group Inc.’s (PGRE) price momentum. With a historical volatility rate of 51.92%, the RSI 9-day stood at 33.84% on 21 September.
With respect to its five-day moving average, the current Paramount Group Inc. price is down by -8.56% percent or -$0.45. At present, PGRE shares trade -2.24% below its 20-day simple moving average and +11.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.24% below its SMA50 and -21.28% below its SMA200.
Stochastic coefficient K was 71.30% and Stochastic coefficient D was 74.61%, while ATR was 0.19. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 40.45%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.02.
Analyst Ratings
Paramount Group Inc. (PGRE) has been rated Hold by analysts. According to 2 brokerage firms, PGRE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Paramount Group Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.50 – $7.00. Based on these forecasts, analysts predict Paramount Group Inc. (PGRE) will achieve an average price target of $5.00.
