UBS Group AG (NYSE: UBS): What’s Next In 2024?

UBS Group AG (NYSE:UBS) shares, rose in value, with the stock price up by 0.71% to the previous day’s close as strong demand from buyers drove the stock to $31.27.

Actively observing the price movement in the last trading, the stock closed the session at $31.05. The value of beta (5-year monthly) was 1.02 whereas the PE ratio was 3.62 over 12-month period. Referring to stock’s 52-week performance, its high was $32.13, and the low was $18.71. On the whole, UBS has fluctuated by 7.31% over the past month.

The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 0.88%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.23, which is expected to increase to $0.23 for fiscal year $0.99 and then to about $2.15 by fiscal year 2025. Data indicates that the EPS growth is expected to be 3,200.00% in 2025, while the next year’s EPS growth is forecast to be 117.20%.

Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $46.24 billion, representing an increase of 13.20% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UBS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.36, with the price of UBS currently trading nearly 0.44% and 5.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.94, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 1.33%. Furthermore, UBS Group AG (UBS)’s beta value is 1.14, and its average true range (ATR) is 0.51.

A comparison of UBS Group AG (UBS) with its peers suggests the former has fared considerably weaker in the market. UBS showed an intraday change of 0.71% in last session, and over the past year, it grew by 50.84%%.

Data on historical trading for UBS Group AG (NYSE:UBS) indicates that the trading volumes over the past 10 days have averaged 2.55 million and over the past 3 months, they’ve averaged 2.88 million. According to company’s latest data on outstanding shares, there are 3.21 billion shares outstanding.

Nearly 12.14% of UBS Group AG’s shares belong to company insiders and institutional investors own 49.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.85 million shares as on Mar 15, 2024, resulting in a short ratio of 3.92. According to the data, the short interest in UBS Group AG (UBS) stood at 0.37% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 16.33 million. The stock has risen by 1.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UBS stock heading into the next quarter.

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