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Should Value Hunters Buy Credit Suisse Group AG (NYSE: CS) Stock?

The trading price of Credit Suisse Group AG (NYSE:CS) floating higher at last check on Wednesday, June 22, closing at $5.97, 1.02% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $5.90 and $6.02. In examining the 52-week price action we see that the stock hit a 52-week high of $10.96 and a 52-week low of $5.65. Over the past month, the stock has lost -12.44% in value.

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Credit Suisse Group AG, whose market valuation is $14.99 billion at the time of this writing. The dividend yield on the company stock is 1.74%, while its Forward Dividend ratio is 0.10. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Credit Suisse Group AG No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CS has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that CS’s price is currently -9.68% off the SMA20 and -12.12% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.38, and weekly volatility stands at 3.05%. When measured over the past 30 days, the indicator reaches 3.20%. Credit Suisse Group AG (NYSE:CS)’s beta value is currently sitting at 1.42, while the Average True Range indicator is currently displaying 0.25.

To see how Credit Suisse Group AG stock has been performing today in comparison to its peers in the industry, here are the numbers: CS stock’s performance was 1.02% at last check in today’s session, and -41.96% in the past year, while Bank of America Corporation (BAC) has been trading 0.14% in recent session and positioned -17.36% lower than it was a year ago. Another comparable company Deutsche Bank Aktiengesellschaft (DB) saw its stock trading 0.88% higher in today’s session but was down -22.46% in a year. Furthermore, Itau Unibanco Holding S.A. (ITUB) showed a decrease of 0.00% today while its price kept declining at -10.40% over the past year. Also during today’s trading, the S&P 500 Index has surged 0.42%, while the Dow Jones Industrial also saw a positive session, up 0.18% today.

An evaluation of the daily trading volume of Credit Suisse Group AG (NYSE:CS) indicates that the 3-month average is 14.94 million. However, this figure has increased over the past 10 days to an average of 24.63 million.

Currently, records show that 2.62 billion of the company’s shares remain outstanding. The insiders hold 3.10% of outstanding shares, whereas institutions hold 3.70%. The stats also highlight that short interest as of Apr 28, 2022, stood at 12.36 million shares, resulting in a short ratio of 1.05 at that time. From this, we can conclude that short interest is 0.48% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 12.29 million. However, since the stock’s price has seen -38.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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