Credit Suisse Group AG (NYSE:CS) saw an upside of 2.31% to close Monday at $3.54 after adding $0.08 on the day. The 5-day average trading volume is 22,667,559 shares of the company’s common stock. It has gained $3.63 in the past week and touched a new high 2 times within the past 5 days. An average of 17,939,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 20,484,529.
CS’s 1-month performance is 18.39% or $0.44 on its low of $3.01 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.89 and high of $9.70, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, CS has achieved 16.45% or $0.50 and has reached a new high 7 times. However, the current price is down -63.49% from the 52-week high price.
CS stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.19 while the price-to-book (PB) in the most recent quarter is 0.21, with the price to cash flow ratio at 1.09.
As well, the company’s long term debt to equity for the quarter ending December 30 was 3.76, while the total debt to equity was 3.76. The firm’s gross profit as reported stood at $6.36 billion against revenue of $10.57 billion.
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CS to announce -$0.6 per share in earnings in its latest quarter, but it posted -$0.82, representing a -36.70% surprise.
Let’s look briefly at Credit Suisse Group AG (CS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 61.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.64%.
The stock’s 5-day moving average is $3.47, reflecting a +2.91% or $0.10 change from its current price. CS is currently trading +13.46% above its 20-day SMA, -32.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.31% and SMA200 by-54.56%.
Stochastic %K and %D was 68.09% and 69.44% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 56.67%, while the 14-day stochastic is at 83.02% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.06 on the 14-day charts.
Analysts offering their rating for CS stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate CS as a “sell,”, while 10 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is CS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.12 and a high of $5.97, with their median price target at $3.66. Looking at these predictions, the average price target given by analysts is for Credit Suisse Group AG (CS) stock is $3.71.