Paramount Group Inc (NYSE: PGRE) is -7.89% lower on its value in year-to-date trading and has touched a low of $4.21 and a high of $5.47 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 $4.56 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $4.55, the stock is -3.35% and -4.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.22% at the moment leaves the stock -6.03% off its SMA200. PGRE registered -9.72% loss for a year compared to 6-month loss of -13.83%. The firm has a 50-day simple moving average (SMA 50) of $4.79 and a 200-day simple moving average (SMA200) of $4.84275.
The stock witnessed a -7.33% gain in the last 1 month and extending the period to 3 months gives it a -10.26%, and is -1.94% 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 2.78% over the week and 3.03% over the month.
Paramount Group Inc (PGRE) has around 329 employees, a market worth around $2.32B and $763.65M in sales. Profit margin for the company is -27.92%. Distance from 52-week low is 8.03% and -16.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.10%).
with sales reaching $183.71M over the same period.The EPS is expected to grow by 98.33% this year, but quarterly earnings will post -2.50% year-over-year. Quarterly sales are estimated to shrink -4.55% in year-over-year returns.
273.0 institutions hold shares in Paramount Group Inc (PGRE), with institutional investors hold 78.34% of the company’s shares. The shares outstanding are 217.52M, and float is at 182.90M with Short Float at 1.84%. Institutions hold 65.88% 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.
