Is It Right Time to Be Cautious on Paramount Group Inc. (NYSE:PGRE), Spherix Incorporated (NASDAQ:AIKI)?

The shares of Paramount Group Inc. (NYSE:PGRE) has been pegged with a rating of Neutral by Mizuho in its latest research note that was published on February 04, 2020. The Financial company has also assigned a $15 price target. Mizuho wasn’t the only research firm that published a report of Paramount Group Inc., with other equities research analysts also giving their opinion on the stock. BTIG Research advised investors in its research note published on January 06, 2020, to Buy the PGRE stock while also putting a $17 price target. The stock had earned Sell rating from Goldman Markets when it published its report on November 08, 2019. That day the Goldman set price target on the stock to $13. The stock was given Overweight rating by Morgan Stanley in its report released on October 11, 2019, the day when the price target on the stock was placed at 15. Evercore ISI was of a view that PGRE is Outperform in its latest report on April 01, 2019. Morgan Stanley thinks that PGRE is worth Equal-Weight rating.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $16.00. The price of the stock the last time has raised by 25.70% from its 52-Week high price while it is -46.59% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 34.36.

The shares of the company added by 8.32% during the trading session on Wednesday, reaching a low of $7.35 while ending the day at $8.07. During the trading session, a total of 5.13 million shares were traded which represents a -150.23% decline from the average session volume which is 2.05 million shares. PGRE had ended its last session trading at $7.45. PGRE 52-week low price stands at $6.42 while its 52-week high price is $15.11.

The company in its last quarterly report recorded $0.26 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $0.25 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 7.69%. Paramount Group Inc. has the potential to record 0.99 EPS for the current fiscal year, according to equities analysts.

Even though the stock has been trading at $0.56/share, analysts expect it to surge by 13.68% to reach $19.00/share. It started the day trading at $0.65 and traded between $0.53 and $0.64 throughout the trading session.

A look at its technical shows that AIKI’s 50-day SMA is 1.1544 while its 200-day SMA stands at 1.6649. The stock has a high of $5.52 for the year while the low is $0.53. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 240966.27 shorted shares, the short percentage went lower by -25.59%, as 179,303 PGRE shares were shorted. At the moment, only 2.04% of Spherix Incorporated shares were sold short. The company’s average trading volume currently stands at 4.09M shares, which means that the short-interest ratio is just 0.06 days. Over the past seven days, the company moved, with its shift of 2.40%. Looking further, the stock has dropped -46.67% over the past 90 days while it lost -62.51% over the last six months.

Following these latest developments, around 14.29% of Spherix Incorporated stocks are owned by institutional investors and hedge funds.