Credit Suisse Group AG [NYSE: CS] loss -1.04% or -0.07 points to close at $6.68 with a heavy trading volume of 14661827 shares. The company report on May 6, 2022 that Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”).
On May 2, 2022, Credit Suisse announced expected coupon payments for the following ETNs:.
It opened the trading session at $6.73, the shares rose to $6.75 and dropped to $6.615, the range by which the price of stock traded the whole day. The daily chart for CS points out that the company has recorded -35.02% loss over the past six months. However, it is still -4.05% lower than its most recent low trading price.
If we look at the average trading volume of 13.05M shares, CS reached to a volume of 14661827 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Credit Suisse Group AG [CS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CS shares is $7.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CS stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Credit Suisse Group AG shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 31, 2022. The new note on the price target was released on January 07, 2022, representing the official price target for Credit Suisse Group AG stock.
The Average True Range (ATR) for Credit Suisse Group AG is set at 0.25, with the Price to Sales ratio for CS stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 0.39, with the Price to Cash per share for the same quarter was set at 142.85. Price to Free Cash Flow for CS in the course of the last twelve months was 0.55.
Trading performance analysis for CS stock
Credit Suisse Group AG [CS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.30. With this latest performance, CS shares dropped by -13.02% in over the last four-week period, additionally sinking by -35.02% over the last 6 months – not to mention a drop of -35.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CS stock in for the last two-week period is set at 36.91, with the RSI for the last a single of trading hit 36.62, and the three-weeks RSI is set at 37.56 for Credit Suisse Group AG [CS]. The present Moving Average for the last 50 days of trading for this stock 7.59, while it was recorded at 6.89 for the last single week of trading, and 9.38 for the last 200 days.
Credit Suisse Group AG [CS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Credit Suisse Group AG go to 1.40%.
An analysis of insider ownership at Credit Suisse Group AG [CS]
There are presently around $584 million, or 4.00% of CS stock, in the hands of institutional investors. The top three institutional holders of CS stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 30,078,041, which is approximately 6.269% of the company’s market cap and around 3.10% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 4,939,181 shares of the stock with an approximate value of $32.99 million in CS stocks shares; and OPTIVER HOLDING B.V., currently with $28.66 million in CS stock with ownership of nearly 188.483% of the company’s market capitalization.
Positions in Credit Suisse Group AG stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 111 institutional holders increased their position in Credit Suisse Group AG [NYSE:CS] by around 13,734,769 shares. Additionally, 91 investors decreased positions by around 5,901,731 shares, while 24 investors held positions by with 67,823,839 shares. The mentioned changes placed institutional holdings at 87,460,339 shares, according to the latest SEC report filing. CS stock had 38 new institutional investments in for a total of 2,734,627 shares, while 29 institutional investors sold positions of 1,782,246 shares during the same period.