Sony Group Corporation ADR [SONY] stock is trading at $89.06, up 5.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The SONY shares have gain 7.24% over the last week, with a monthly amount drifted -6.87%, 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.
Sony Group Corporation ADR [SONY] stock has fluctuated between $75.11 and $100.88 over the past year. Currently, Wall Street analysts expect the stock to reach $105 within the next 12 months. Sony Group Corporation ADR [NYSE: SONY] shares were valued at $89.06 at the most recent close of the market. An investor can expect a potential return of 17.9% based on the average SONY price forecast.
Analyzing the SONY fundamentals
Sony Group Corporation ADR [NYSE:SONY] reported sales of 87.68B for the trailing twelve months, which represents a drop of -10.31%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 87.90 points at the first support level, and at 86.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.69, and for the 2nd resistance point, it is at 90.33.
Ratios To Look Out For
For context, Sony Group Corporation ADR’s Current Ratio is 0.63. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 16.61.
