Sony Group Corporation ADR (SONY) stock forecast: Can it reach its 52-week high of $21.09

Sony Group Corporation ADR [SONY] stock is trading at $21.10, up 0.76%. 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 5.45% over the last week, with a monthly amount glided 15.49%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Sony Group Corporation ADR [NYSE: SONY] stock has seen the most recent analyst activity on September 18, 2024, when Daiwa Securities downgraded its rating to a Outperform. Previously, Macquarie downgraded its rating to Neutral on February 15, 2024. On December 12, 2023, Wolfe Research initiated with a Outperform rating. The Benchmark Company started tracking the stock assigning a Buy rating. Goldman upgraded its rating to a Buy. In a note dated July 08, 2022, Macquarie upgraded an Outperform rating on this stock.

Sony Group Corporation ADR [SONY] stock has fluctuated between $15.02 and $21.09 over the past year. Currently, Wall Street analysts expect the stock to reach $20.4 within the next 12 months. Sony Group Corporation ADR [NYSE: SONY] shares were valued at $21.10 at the most recent close of the market. An investor can expect a potential drop of -3.32% based on the average SONY price forecast.

Analyzing the SONY fundamentals

Sony Group Corporation ADR [NYSE:SONY] reported sales of 87.58B for the trailing twelve months, which represents a drop of -0.50%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.15 and Total Capital is 0.06. 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 20.95 points at the first support level, and at 20.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.33, and for the 2nd resistance point, it is at 21.56.

Ratios To Look Out For

For context, Sony Group Corporation ADR’s Current Ratio is 0.66. Further, the Quick Ratio stands at 0.49, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 17.27.

Transactions by insiders

Recent insider trading involved VINCIQUERRA ANTHONY J, Officer, that happened on Dec 04 ’24 when 0.3 million shares were purchased. Officer, VINCIQUERRA ANTHONY J completed a deal on Dec 03 ’24 to buy 0.5 million shares. Meanwhile, Officer VINCIQUERRA ANTHONY J bought 0.5 million shares on Dec 02 ’24.

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