A new trading day began on Tuesday, with Paramount Group Inc (NYSE: PGRE) stock price up 2.34% from the previous day of trading ,before settling in for the closing price of $4.71. PGRE’s price has ranged from $4.06 to $5.92 over the past 52 weeks.
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A company in the Real Estate sector has dropped its sales by -0.41% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 70.00%. With a float of $178.17 million, this company’s outstanding shares have now reached $217.37 million.
In an organization with 329 employees, it is important to assess its efficiency.
Paramount Group Inc (PGRE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Office Industry. The insider ownership of Paramount Group Inc is 18.02%, while institutional ownership is 64.62%. The most recent insider transaction that took place on Aug 17 ’23, was worth 94,540. In this transaction Chairman, CEO and President of this company bought 20,000 shares at a rate of $4.73, taking the stock ownership to the 641,812 shares. Before that another transaction happened on Aug 16 ’23, when Company’s Chairman, CEO and President bought 50,000 for $4.64, making the entire transaction worth $231,950. This insider now owns 621,812 shares in total.
Paramount Group Inc (PGRE) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.95 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.00% per share during the next fiscal year.
Paramount Group Inc (NYSE: PGRE) Trading Performance Indicators
Here are Paramount Group Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41. Likewise, its price to free cash flow for the trailing twelve months is 5.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.20, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.46 in one year’s time.
Technical Analysis of Paramount Group Inc (PGRE)
Let’s dig in a bit further. During the last 5-days, its volume was 0.87 million. That was inferior than the volume of 1.34 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.38%. Additionally, its Average True Range was 0.17.
During the past 100 days, Paramount Group Inc’s (PGRE) raw stochastic average was set at 35.61%, which indicates a significant decrease from 84.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.47% in the past 14 days, which was lower than the 42.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.61, while its 200-day Moving Average is $4.78. However, in the short run, Paramount Group Inc’s stock first resistance to watch stands at $4.85. Second resistance stands at $4.88. The third major resistance level sits at $4.95. If the price goes on to break the first support level at $4.76, it is likely to go to the next support level at $4.69. Assuming the price breaks the second support level, the third support level stands at $4.66.
Paramount Group Inc (NYSE: PGRE) Key Stats
With a market capitalization of 1.05 billion, the company has a total of 217,329K Shares Outstanding. Currently, annual sales are 742,790 K while annual income is -259,740 K. The company’s previous quarter sales were 192,470 K while its latest quarter income was -205,550 K.
