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Credit Suisse Group AG (NYSE: CS)’s Upside Potential Is High

Credit Suisse Group AG (NYSE:CS) shares, rose in value on Friday, August 05, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $5.49.

Actively observing the price movement in the recent trading, the stock is buoying the session at $5.53, falling within a range of $5.45 and $5.56. The value of beta (5-year monthly) is 1.58. Referring to stock’s 52-week performance, its high was $10.96, and the low was $5.05. On the whole, CS has fluctuated by 1.84% over the past month.

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The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 1.83%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CS currently trading nearly -0.10% and -7.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.38, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 2.93%. Furthermore, Credit Suisse Group AG (CS)’s beta value is 1.41, and its average true range (ATR) is 0.22.

A comparison of Credit Suisse Group AG (CS) with its peers suggests the former has fared considerably weaker in the market. CS showed an intraday change of -0.72% in today’s session so far, and over the past year, it shrunk by -45.64%%. In comparison, Bank of America Corporation (BAC) has moved higher at 1.98% today and is down -12.73% over the past 12 months. On the other hand, the price of Deutsche Bank Aktiengesellschaft (DB) has risen 1.08% today. The stock, however, is off -28.41% from where it was a year ago. Additionally, there is a gain of 1.50% for Itau Unibanco Holding S.A. (ITUB) in recent trading while the stock has seen an overall depriciation of 0.65%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.06%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.

Data on historical trading for Credit Suisse Group AG (NYSE:CS) indicates that the trading volumes over the past 10 days have averaged 14.07 million and over the past 3 months, they’ve averaged 16.07 million. According to company’s latest data on outstanding shares, there are 2.65 billion shares outstanding.

Nearly 3.10% of Credit Suisse Group AG’s shares belong to company insiders and institutional investors own 3.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.54 million shares as on Jul 14, 2022, resulting in a short ratio of 0.98. According to the data, the short interest in Credit Suisse Group AG (CS) stood at 0.56% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 13.27 million. The stock has fallen by -42.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CS stock heading into the next quarter.

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