Credit Suisse Group AG (NYSE:CS) does about 20.99M shares in volume on a normal day but saw 22119099 shares change hands in Monday trading. The company now has a market cap of 13.33B USD. Its current market price is $3.54, marking an increase of 2.31% compared to the previous close of $3.46. The 52 week high reached by this stock is $9.70 whilst the lowest price level in 52 weeks is $2.89. The script in recent trading has seen the stock touch a high of $3.55 and a low of $3.42.
Credit Suisse Group AG (CS) has a 20-day trading average at $3.29 and the current price is -63.49% off the 52-week high compared with 22.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.49 and its 200-day simple moving average is $5.14. If we look at the stock’s price movements over the week, volatility stands at 3.79%, which decreases to 3.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.23 to suggest the stock is neutral.
18 analysts observing the Credit Suisse Group AG (CS) stock have set the 12-month price targets for the company’s shares at between $3.12 and $5.97. The consensus objective for the share price is $4.22, suggesting that the stock has a potential upside of 16.11% over the period. The median price target is 3.28% away from the current levels at $3.66.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 5 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The current price level is 8.14%, 2.59%, and -29.22% away from its SMA20, SMA50, and SMA200 respectively, with the CS price moving above the 50-day SMA on January 23. Credit Suisse Group AG (CS) stock is up 2.91% over the week and 18.39% over the past month. Its price is 16.45% year-to-date and -62.64% over the past year.
The company’s next earnings report is expected on 05/04/2023.
Its 12-month price target is $3.66. To reach the target analysts have set, the stock logically needs to grow 16.11 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.12, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $5.97.
Outstanding shares total 4.40B with insiders holding 0.00% of the shares and institutional holders owning 3.62% of the company’s common stock. The company has a return on investment of 0.20% and return on equity of -18.00%. The forward price to earnings ratio is 177.00. The beta has a value of 1.34. Price to book ratio is 0.21 and price to sales ratio is 1.19.
According to a U.S. Securities and Exchange Commission filing, Kopernik Global All Cap Fund has added its position in Credit Suisse Group AG (CS) to 1,343,580 shares, mirroring a recent increase by 293.84%. Kopernik Global All Cap Fund added 1.0 million shares of Credit Suisse Group AG common stock bringing its total worth to about $4.08 million at the end of recent close, SEC documents show. Kopernik Global All Cap Fund isn’t the only investment manager who changed stakes and is followed by DFA International Core Equity Por, which added 56875.0 shares to end up with 1,283,002 shares worth $3.9 million.