What Will UBS Group AG (NYSE: UBS) Be Like In 2024

UBS Group AG (NYSE:UBS) shares, rose in value on Friday, December 13, with the stock price down by -0.50% to the previous day’s close as strong demand from buyers drove the stock to $31.86.

Actively observing the price movement in the last trading, the stock closed the session at $32.02, falling within a range of $31.765 and $32.08. The value of beta (5-year monthly) was 0.995 whereas the PE ratio was 37.32 over 12-month period. Referring to stock’s 52-week performance, its high was $33.34, and the low was $26.00. On the whole, UBS has fluctuated by 0.76% over the past month.

With the market capitalization of UBS Group AG currently standing at about $101.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.35, with its dividend yield at 1.10%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UBS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.78, with the price of UBS currently trading nearly -0.56% and -0.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.85, while the 7-day volatility ratio is showing 1.19% which for the 30-day chart, stands at 0.98%. Furthermore, UBS Group AG (UBS)’s beta value is 1.15, and its average true range (ATR) is 0.49.

A comparison of UBS Group AG (UBS) with its peers suggests the former has fared considerably weaker in the market. UBS showed an intraday change of -0.50% in last session, and over the past year, it grew by 11.47%%.

Data on historical trading for UBS Group AG (NYSE:UBS) indicates that the trading volumes over the past 10 days have averaged 1.15 and over the past 3 months, they’ve averaged 1.32 million. According to company’s latest data on outstanding shares, there are 3.19 billion shares outstanding.

Nearly 7.47% of UBS Group AG’s shares belong to company insiders and institutional investors own 47.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.68 million shares as on 2024-11-29, resulting in a short ratio of 5.09. According to the data, the short interest in UBS Group AG (UBS) stood at 24.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 6.85 million. The stock has risen by 4.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UBS stock heading into the next quarter.

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