Paramount Group Inc. (NYSE:PGRE) went down by -4.30% from its latest closing price compared to the recent 1-year high of $11.53. The company’s stock price has collected -4.99% of loss in the last five trading sessions. The Wall Street Journal reported on 08/15/22 that Walmart Reaches Video-Streaming Deal to Offer Paramount+ to Members
Is It Worth Investing in Paramount Group Inc. (NYSE :PGRE) Right Now?
Paramount Group Inc. (NYSE:PGRE) scored a price-to-earnings ratio above its average ratio, recording 667.00 x from its present earnings ratio. Plus, the 36-month beta value for PGRE is at 1.21. Opinions of the stock are interesting as 3 analysts out of 7 who provided ratings for Paramount Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $9.86, which is $2.83 above the current price. PGRE currently public float of 191.40M and currently shorts hold a 2.29% ratio of that float. Today, the average trading volume of PGRE was 1.09M shares.
PGRE’s Market Performance
PGRE stocks went down by -4.99% for the week, with a monthly drop of -8.50% and a quarterly performance of -8.88%, while its annual performance rate touched -22.17%. The volatility ratio for the week stands at 3.54% while the volatility levels for the past 30 days are set at 3.00% for Paramount Group Inc. The simple moving average for the period of the last 20 days is -5.70% for PGRE stocks with a simple moving average of -23.58% for the last 200 days.
Analysts’ Opinion of PGRE
Many brokerage firms have already submitted their reports for PGRE stocks, with Mizuho repeating the rating for PGRE by listing it as a “Buy.” The predicted price for PGRE in the upcoming period, according to Mizuho is $10.50 based on the research report published on January 20th of the current year 2022.
Evercore ISI, on the other hand, stated in their research note that they expect to see PGRE reach a price target of $11. The rating they have provided for PGRE stocks is “In-line” according to the report published on September 08th, 2021.
Mizuho gave a rating of “Neutral” to PGRE, setting the target price at $11 in the report published on July 14th of the previous year.
PGRE Trading at -9.06% from the 50-Day Moving Average
After a stumble in the market that brought PGRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.18% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -8.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.71% lower at present.
During the last 5 trading sessions, PGRE fell by -4.99%, which changed the moving average for the period of 200-days by -19.64% in comparison to the 20-day moving average, which settled at $7.04. In addition, Paramount Group Inc. saw -20.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PGRE
Current profitability levels for the company are sitting at:
- +23.35 for the present operating margin
- +31.49 for the gross margin
The net margin for Paramount Group Inc. stands at -2.81. Equity return is now at value 0.10, with 0.00 for asset returns.