Paramount Group Inc (NYSE: PGRE) is -18.02% lower on its value in year-to-date trading and has touched a low of $3.97 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 $4.04 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $4.05, the stock is -8.72% and -12.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 0.25% at the moment leaves the stock -15.95% off its SMA200. PGRE registered -13.24% loss for a year compared to 6-month loss of -15.98%. The firm has a 50-day simple moving average (SMA 50) of $4.6168 and a 200-day simple moving average (SMA200) of $4.8205.
The stock witnessed a -15.09% gain in the last 1 month and extending the period to 3 months gives it a -18.84%, and is -5.59% 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 3.59% over the week and 3.57% over the month.
Paramount Group Inc (PGRE) has around 316 employees, a market worth around $2.06B and $757.45M in sales. Profit margin for the company is -6.11%. Distance from 52-week low is 2.02% and -25.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.68%).
The EPS is expected to shrink by -100.00% this year
269.0 institutions hold shares in Paramount Group Inc (PGRE), with institutional investors hold 79.63% of the company’s shares. The shares outstanding are 217.53M, and float is at 182.90M with Short Float at 1.96%. Institutions hold 66.95% 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 4.0759 and valued at over $40.99 million, while STATE STREET CORP holds 3.9134 of the shares totaling 8.5 million with a market value of $39.64 million.
