Credit Suisse Group AG (NYSE:CS) price on Thursday, August 26, fall -0.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.62.
A look at the stock’s price movement, the level at last check in today’s session was $10.72, moving within a range at $10.62 and $10.7672. The beta value (5-Year monthly) was 1.58 while the PE ratio in trailing twelve months stood at 142.93. Turning to its 52-week performance, $14.87 and $9.18 were the 52-week high and 52-week low respectively. Overall, CS moved 5.00% over the past month.
Credit Suisse Group AG’s market cap currently stands at around $28.43 billion. The company has a Forward Dividend ratio of 0.41, with its dividend yield at 3.82%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 5 recommend CS as a Buy and 3 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 31.76, with CS’s current price about 2.62% and 3.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.84, while 7-day volatility ratio is 1.26% and 1.36% in the 30-day chart. Further, Credit Suisse Group AG (CS) has a beta value of 1.42, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $11.60, forecast between a low of $9.49 and high of $15.01. Looking at the price targets, the low is 10.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -41.34%. Nonetheless, investors will most likely welcome a -7.53% jump to $11.42 which is the analysts’ median price.
In the market, a comparison of Credit Suisse Group AG (CS) and its peers suggest the former has performed considerably weaker. Data shows CS’s intraday price has changed -0.93% today and -2.36% over the past year. Comparatively, Bank of America Corporation (BAC) has moved 0.57% so far today and only 62.12% in the past 12 months. Looking at another peer, we see that Deutsche Bank Aktiengesellschaft (DB) price has dipped -1.81% on the day. However, the stock is 31.54% off its price today a year ago. Moreover, Itau Unibanco Holding S.A. (ITUB) is also down -2.20% in today’s trading while keeping a an uptrend of 37.55% over the past year. If we look at the PE ratio, we find that Credit Suisse Group AG’s ratio stands at 142.93 compared to Bank of America Corporation’s 14.11 and Deutsche Bank Aktiengesellschaft’s 12.52. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.27% and -0.08% respectively on the day as seen in early trades.
If we refocus on Credit Suisse Group AG (NYSE:CS), historical trading data shows that trading volumes averaged 3.43 million over the past 10 days and 5.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.45 billion shares.
The 3.10% of Credit Suisse Group AG’s shares are in the hands of company insiders while institutional holders own 4.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.14 million on Jul 29, 2021, giving us a short ratio of 3.15. The data shows that as of Jul 29, 2021 short interest in Credit Suisse Group AG (CS) stood at 0.67% of shares outstanding, with shares short rising to 7.53 million registered in Jun 29, 2021. Current price change has pushed the stock -15.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CS stock continues to rise going into the next quarter.