Paramount Group Inc (NYSE: PGRE)’s stock price has soared by 0.21 in relation to previous closing price of 4.71. Nevertheless, the company has seen a loss of -6.16% in its stock price over the last five trading days. deadline.com reported 2024-11-21 that More cash is set to flow for Paramount Global executives as the company said two will each receive bonuses of $1 million when the company’s sale to Skydance closes as part of a “transaction award program.
Is It Worth Investing in Paramount Group Inc (NYSE: PGRE) Right Now?
The 36-month beta value for PGRE is at 1.26. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 3 as “sell.”
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The public float for PGRE is 182.89M, and currently, shorts hold a 1.72% of that float. The average trading volume for PGRE on November 22, 2024 was 873.77K shares.
PGRE’s Market Performance
The stock of Paramount Group Inc (PGRE) has seen a -6.16% decrease in the past week, with a -8.17% drop in the past month, and a -5.41% fall in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are at 3.42% for PGRE. The simple moving average for the past 20 days is -5.22% for PGRE’s stock, with a -1.72% simple moving average for the past 200 days.
Analysts’ Opinion of PGRE
Many brokerage firms have already submitted their reports for PGRE stocks, with Evercore ISI repeating the rating for PGRE by listing it as a “In-line.” The predicted price for PGRE in the upcoming period, according to Evercore ISI is $5 based on the research report published on March 18, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PGRE reach a price target of $4, previously predicting the price at $5. The rating they have provided for PGRE stocks is “Underperform” according to the report published on November 13th, 2023.
BofA Securities gave a rating of “Neutral” to PGRE, setting the target price at $5.50 in the report published on March 01st of the previous year.
PGRE Trading at -6.02% 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 -20.27% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -9.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.45% lower at present.
During the last 5 trading sessions, PGRE fell by -6.16%, which changed the moving average for the period of 200-days by +4.19% in comparison to the 20-day moving average, which settled at $4.98. In addition, Paramount Group Inc saw -8.70% 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:
- 0.27 for the present operating margin
- 0.43 for the gross margin
The net margin for Paramount Group Inc stands at -0.28. The total capital return value is set at 0.03. Equity return is now at value -6.46, with -2.64 for asset returns.
Based on Paramount Group Inc (PGRE), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 27.54 million with net debt to EBITDA at 8.5. When we switch over and look at the enterprise to sales, we see a ratio of 5.74. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, Paramount Group Inc (PGRE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
