The stock of Sony Group Corporation (NYSE:SONY) increased by $0.05 on Friday to finish at $81.10, up 0.06 percent. The last five days have seen an average of 759,800 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $4.82. The average number of shares traded over the last 20 days was 850,310, while the average volume over the last 50 days totaled 829,674.
SONY stock dropped -13.50% since last month. On 08/25/23, the company’s shares reached a one-month low of $80.34. The stock touched a high of $100.94 on 06/13/23, after rallying from a low of $61.72 in 52 weeks. The price of SONY stock has risen by 6.32% or $4.82 this year, reaching a new high 18 times. Still, the stock price is down -19.66% from the 52-week high.
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Valuation Metrics
Sony Group Corporation (SONY) has a trailing price-to-earnings (P/E) ratio of 15.66. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 2.08.
Financial Health
For the recent quarter, Sony Group Corporation’s quick ratio was 0.50, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.26, and the total debt to equity ratio is 0.59. As far as profitability goes, gross margin for the trailing twelve months is 30.60% percent. Sony Group Corporation’s EBITDA margin for the recent year was 19.59%, whereas its operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $32.3 billion and revenue of $85.39 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SONY’s return on assets (ROA) during the last 12 months has been 3.00%. There was a 9.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 13.80%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $81.6 billion, while revenues rose by 11.04% to $0.0. EBITDA was -$12.81 billion for the quarter. At the end of Sony Group Corporation’s most recent quarter, its liabilities totaled 188.2 billion, while its total debt was $4.15 trillion.
Technical Picture
Here’s a quick look at Sony Group Corporation’s (SONY) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 23.27%, suggesting the stock is oversold, with a 13.19% historical volatility rate.
The stochastic %K and %D were 6.02% and 5.37% respectively, while the average true range (ATR) was 1.49. Based on the 14-day stochastic reading of 7.42%, the RSI (14) reading is 26.25%. On the 9-day MACD Oscillator, the stock is at -0.64, and the 14-day reading is at -1.89.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on Sony Group Corporation (NYSE: SONY) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Sony Group Corporation (SONY) an Buy rating. SONY is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 18 others recommend it as a buy.
What is SONY’s price target for the next 12 months?
The current consensus forecast for the stock is between $68.67 and $138.86, with a median target price of $112.45. In analyzing these forecasts, the average price target given by analysts for Sony Group Corporation (SONY) is $112.23.
