That’s why I Feel Comfortable With Sony Group Corporation ADR’s (SONY) Future

A share price of Sony Group Corporation ADR [SONY] is currently trading at $92.79, up 2.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SONY shares have gain 4.27% over the last week, with a monthly amount glided 1.22%, and 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 experienced fluctuations in its stock price throughout the past year between $75.11 and $100.88. 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 $92.79 at the most recent close of the market. An investor can expect a potential return of 13.16% based on the average SONY price forecast.

Analyzing the SONY fundamentals

Trailing Twelve Months sales for Sony Group Corporation ADR [NYSE:SONY] were 87.68B which represents -10.31% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.

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 91.88 points at the first support level, and at 90.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.33, and for the 2nd resistance point, it is at 93.88.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sony Group Corporation ADR [NYSE:SONY] is 0.63. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 2.31 and price to earnings (TTM) ratio is 17.30.

Transactions by insiders

Recent insider trading involved AJV TRUST, Officer, that happened on Aug 21 ’24 when 44675.0 shares were purchased.

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