Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Paramount Group Inc (NYSE: PGRE) closed the day trading at $4.48 down -1.75% from the previous closing price of $4.56. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 1.36 million shares were traded. PGRE stock price reached its highest trading level at $4.62 during the session, while it also had its lowest trading level at $4.48.
Ratios:
For a better understanding of PGRE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.49. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.20.
On November 13, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $5 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 17 ’23 when Behler Albert P. bought 20,000 shares for $4.73 per share. The transaction valued at 94,540 led to the insider holds 641,812 shares of the business.
Behler Albert P. bought 50,000 shares of PGRE for $231,950 on Aug 16 ’23. The Chairman, CEO and President now owns 621,812 shares after completing the transaction at $4.64 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGRE now has a Market Capitalization of 1060680384 and an Enterprise Value of 5145690112. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 10.91 whereas that against EBITDA is 46.634.
Stock Price History:
Over the past 52 weeks, PGRE has reached a high of $5.92, while it has fallen to a 52-week low of $4.06. The 50-Day Moving Average of the stock is -2.47%, while the 200-Day Moving Average is calculated to be -6.36%.
Shares Statistics:
Over the past 3-months, PGRE traded about 1.30M shares per day on average, while over the past 10 days, PGRE traded about 1038590 shares per day. A total of 217.37M shares are outstanding, with a floating share count of 178.16M. Insiders hold about 18.02% of the company’s shares, while institutions hold 64.62% stake in the company. Shares short for PGRE as of 1711584000 were 8494526 with a Short Ratio of 6.52, compared to 1709164800 on 7629769. Therefore, it implies a Short% of Shares Outstanding of 8494526 and a Short% of Float of 7.430000000000001.
Dividends & Splits
PGRE’s forward annual dividend rate is 0.14, up from 0.183 a year ago. The stock’s 5-year Average Dividend Yield is 4.13.
Earnings Estimates
At present, Progressive Corporation (The) analysts are actively evaluating the performance of Paramount Group Inc (PGRE) in the stock market.The consensus estimate for the next quarter is $20.93, with high estimates of $3.15 and low estimates of $25.07.
