What Technical Indicators Show About Credit Suisse Group AG (CS)?


Credit Suisse Group AG (NYSE:CS) finished Thursday with a subtraction of -$0.29 to close at $4.71, a downside of -5.80 percent. An average of 17,076,939 shares of common stock have been traded in the last five days. There was a fall of -$0.63 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 13,602,990 shares traded, while the 50-day average volume stands at 13,033,844.

CS stock has decreased by -10.80% in the last month. The company shares reached their 1-month lowest point of $4.67 on 09/22/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $4.91 and a high of $10.96 in 52 weeks. It has reached a new high 6 times so far this year and lost -50.77% or -$4.93 in price. In spite of this, the price is down -57.01% from the 52-week high.

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Valuation Metrics

Credit Suisse Group AG (CS) stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.31, the price-to-book (PB) ratio at 0.26, and the price-to-cash flow ratio at 1.23.

The company’s most recent quarterly dividend payment was $0.0528 a share, representing a down of -2.58% from $0.0542 last year. Its latest decrease dividend $0.0014 reported on Monday May 9 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 3.45 and a total debt to equity ratio of 3.45 for the recent quarter. Its gross profit as reported stood at $6.36 billion compared to revenue of $10.57 billion.

Earnings Surprise

For the recent quarter, Credit Suisse Group AG had $166.9 billion in total debt. At the end of the recent quarter, Credit Suisse Group AG’s stock balance sheet showed total debt was $218.22 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Credit Suisse Group AG (CS) price momentum. RSI 9-day as of the close on 22 September was 26.81%, suggesting the stock is oversold, with historical volatility in this time frame at 45.21%.

As of today, CS’s price is $5.05 -11.80% or -$0.63 from its 5-day moving average. CS is currently trading -10.96% lower than its 20-day SMA and -29.70% lower than its 100-day SMA. However, the stock’s current price level is -12.13% below the SMA50 and -50.94% below the SMA200.

The stochastic %K and %D were 12.14% and 24.11%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 3.96% and the average true range at 0.21, the RSI (14) stands at 33.19%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.

Analyst Ratings

BofA Securities upgraded Credit Suisse Group AG (NYSE: CS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Credit Suisse Group AG (CS) among analysts is Underweight. According to current brokerage recommendations, 7 brokerage firms advise that investors sell CS, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.

What is CS’s price target for the next 12 months?

Analysts predict a range of price targets between $4.15 and $7.37, with a median target of $6.11. Taking a look at these predictions, the average price target given by analysts for Credit Suisse Group AG (CS) stock is $6.00.


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