Paramount Group Inc (NYSE: PGRE) is -7.16% lower on its value in year-to-date trading and has touched a low of $4.21 and a high of $5.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGRE stock was last observed hovering at around $4.76 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $4.80, the stock is -2.12% and -3.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.84% at the moment leaves the stock -0.18% off its SMA200. PGRE registered -5.70% loss for a year compared to 6-month gain of 4.58%. The firm has a 50-day simple moving average (SMA 50) of $4.9786 and a 200-day simple moving average (SMA200) of $4.8081.
The stock witnessed a -3.23% loss in the last 1 month and extending the period to 3 months gives it a -0.21%, and is -1.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.86% over the week and 2.87% over the month.
Paramount Group Inc (PGRE) has around 329 employees, a market worth around $2.45B and $763.65M in sales. Profit margin for the company is -27.92%. Distance from 52-week low is 13.97% and -18.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.10%).
The EPS is expected to grow by 93.33% this year
274.0 institutions hold shares in Paramount Group Inc (PGRE), with institutional investors hold 79.11% of the company’s shares. The shares outstanding are 217.52M, and float is at 182.89M with Short Float at 1.46%. Institutions hold 66.52% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 31.1 million shares valued at $143.99 million. The investor’s holdings represent 14.325 of the PGRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 26.24 million shares valued at $121.51 million to account for 12.0879 of the shares outstanding. The other top investors are JUPITER ASSET MANAGEMENT LTD which holds 8.85 million shares representing 4.0778 and valued at over $40.99 million, while STATE STREET CORP holds 3.9152 of the shares totaling 8.5 million with a market value of $39.64 million.
