Credit Suisse Group AG [CS] Is Currently 0.00 below its 200 Period Moving Avg: What Does This Mean?

Credit Suisse Group AG [NYSE: CS] traded at a low on 09/30/22, posting a 0.00 loss after which it closed the day’ session at $3.92. The company report on September 19, 2022 that Credit Suisse AG Announces the Reverse Splits of its USOI, GLDI and SLVO ETNs.

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Credit Suisse AG announced today that it will implement 1-for-20 reverse splits of its Credit Suisse X-Links® Crude Oil Shares Covered Call ETNs (“USOI”), Credit Suisse X-Links® Gold Shares Covered Call ETNs (“GLDI”) and Credit Suisse X-Links® Silver Shares Covered Call ETNs (“SLVO”), each expected to be effective as of September 27, 2022.

The reverse splits will be effective at the open of trading on September 27, 2022. USOI, GLDI and SLVO will each begin trading on the Nasdaq Stock Market on a reverse split-adjusted basis on September 27, 2022. Holders of USOI, GLDI and SLVO who purchase such ETNs prior to September 27, 2022 will receive one reverse split-adjusted ETN for every twenty pre-reverse split ETNs.

The results of the trading session contributed to over 15085639 shares changing hands. Over the past one week, the price volatility of Credit Suisse Group AG stands at 4.90% while the volatility over the past one month is 4.18%.

The market cap for CS stock reached $10.40 billion, with 2.65 billion shares outstanding and 2.59 billion shares in the current float. Compared to the average trading volume of 13.99M shares, CS reached a trading volume of 15085639 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $6.24 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 3.70. 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.

BofA Securities have made an estimate for Credit Suisse Group AG shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 28, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on March 31, 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 0.23, with the Price to Sales ratio for CS stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.22, with the Price to Cash per share for the same quarter was set at 147.15. Price to Free Cash Flow for CS in the course of the last twelve months was 1.02.

How has CS stock performed recently?

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 -5.31. With this latest performance, CS shares dropped by -24.03% in over the last four-week period, additionally sinking by -49.68% over the last 6 months – not to mention a drop of -59.94% 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 24.51, with the RSI for the last a single of trading hit 19.11, and the three-weeks RSI is set at 28.90 for Credit Suisse Group AG [CS]. The present Moving Average for the last 50 days of trading for this stock 5.22, while it was recorded at 3.99 for the last single week of trading, and 7.12 for the last 200 days.

Earnings analysis for Credit Suisse Group AG [CS]

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%.

Insider trade positions for Credit Suisse Group AG [CS]

There are presently around $314 million, or 3.60% 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 26,956,736, which is approximately -11.201% of the company’s market cap and around 3.10% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 5,469,793 shares of the stock with an approximate value of $21.44 million in CS stocks shares; and MORGAN STANLEY, currently with $20.96 million in CS stock with ownership of nearly 142.152% of the company’s market capitalization.

85 institutional holders increased their position in Credit Suisse Group AG [NYSE:CS] by around 13,216,595 shares. Additionally, 123 investors decreased positions by around 12,841,665 shares, while 28 investors held positions by with 53,991,628 shares. The mentioned changes placed institutional holdings at 80,049,888 shares, according to the latest SEC report filing. CS stock had 32 new institutional investments in for a total of 1,700,294 shares, while 54 institutional investors sold positions of 3,272,952 shares during the same period.


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