Sony Group Corporation ADR [SONY] stock prices are up 1.89% to $89.03 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SONY shares have gain 2.62% over the last week, with a monthly amount drifted -3.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sony Group Corporation ADR [NYSE: SONY] stock has seen the most recent analyst activity on February 15, 2024, when Macquarie downgraded its rating to a Neutral. On October 16, 2023, The Benchmark Company initiated with a Buy rating. Goldman upgraded its rating to a Buy. Macquarie upgraded its rating to Outperform for this stock on July 08, 2022. In a note dated July 05, 2022, Citigroup downgraded an Neutral rating on this stock.
The stock price of Sony Group Corporation ADR [SONY] has been fluctuating between $79.62 and $100.94 over the past year. Currently, Wall Street analysts expect the stock to reach $125 within the next 12 months. Sony Group Corporation ADR [NYSE: SONY] shares were valued at $89.03 at the most recent close of the market. An investor can expect a potential return of 40.4% based on the average SONY price forecast.
Analyzing the SONY fundamentals
The Sony Group Corporation ADR [NYSE:SONY] reported sales of 89.59B for trailing twelve months, representing a surge of 4.99%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 88.77 points at the first support level, and at 88.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.40, and for the 2nd resistance point, it is at 89.78.
Sony Group Corporation ADR [SONY] reported earnings per share of $2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.65/share, meaning a difference of $0.35 and a surprise factor of 21.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.12 per share as compared to estimates of $1.16 per share, a difference of -$0.04 representing a surprise of -3.40%.
Ratios To Look Out For
It’s worth pointing out that Sony Group Corporation ADR [NYSE:SONY]’s Current Ratio is 0.69. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 17.22.
