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How Are Things Looking For Credit Suisse Group AG (NYSE: CS) For The Short Term?

Credit Suisse Group AG (NYSE:CS) traded at $3.48 at last check on Tuesday, January 24, made a downward move of -1.55% on its previous day’s price.

Looking at the stock we see that its previous close was $3.54 and the beta (5Y monthly) reads 1.59 with the day’s price range being $3.42 – $3.55. In terms of its 52-week price range, CS has a high of $9.70 and a low of $2.89. The company’s stock has gained about 18.39% over that past 30 days.

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Credit Suisse Group AG has a market cap of $13.33 billion. With its Forward Dividend at 0.10 and a yield of 2.85%, the company’s investors could be anxious for the CS stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 75% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 18 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Credit Suisse Group AG (CS) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 2 of them rated it as underweight, whereas 5 suggest the stock as a Sell. The stock has an overall rating of Underweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 5.78% off its SMA20 and 1.30% from its 50-day simple moving average. The RSI (14) is pointing at 54.69 while the volatility over the past week is 3.79% and jumps to 3.16% over the past one month. The beta value is 1.34, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $3.71, with the estimates having a low of $3.12 and a high of $5.96. These price ends are 10.34% and -71.26% off the today’s price level respectively, although investors could be excited at the prospect of a -5.17% if the CS share price touches on the median price of $3.66.

Let’s briefly compare Credit Suisse Group AG (CS) stock to its peers. We find that today’s price change of -1.55% and -62.64% over the past 12 months for CS competes that of Bank of America Corporation (BAC), which has seen its stock price rise 0.61% in the latest trading session and is -24.98% over the last one year. Another of its peers Deutsche Bank Aktiengesellschaft (DB) was -0.54% down over the past year, while Itau Unibanco Holding S.A. (ITUB) is also up 1.13% yet, while its price remains in the green at 19.82% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Credit Suisse Group AG (NYSE:CS), we note that the average 3-month trading volume was 21.15 million, while that of the preceding 10-day period stands at 19.54 million. Current shares outstanding are 4.40 billion.

The insiders hold 3.10% of the company’s shares while institutions hold 2.80%. The data shows that short shares as of Oct 13, 2022, stood at 12.58 million at a short ratio of 0.55. This represents a 0.48% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 10.83 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 16.45% up in year-to-date price movement.

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