At the last check on Friday, Sony Group Corporation’s (NYSE:SONY) stock was up $1.76, moving up 2.12 percent to $84.95. The average number of shares traded per day over the past five days has been 535,798 shares. 5 times new highs have been achieved over the past 5 days, with a $3.81 gain in that time frame. In the last twenty days, the average volume was 840,299, while in the previous 50 days, it was 820,464.
Since last month, SONY stock retreated -5.64%. Shares of the company fell to $80.34 on 08/25/23, the lowest level in the past month. A 52-week high of $100.94 was reached on 06/13/23 after having rallying from a 52-week low of $61.72. Since the beginning of this year, SONY’s stock price has risen by 11.37% or $8.63, and marked a new high 18 times. However, the stock has declined by -15.84% since its 52-week high.
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Valuation Metrics
Right now, Sony Group Corporation (SONY) has a P/E ratio of about 16.41. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.31, the price-to-book (PB) ratio of 2.18.
Financial Health
In the three months ended March 30, Sony Group Corporation’s quick ratio stood at 0.50, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.26, and the total debt-to-equity ratio was 0.59. On the profitability front, the trailing twelve-month gross margin is 30.60% percent. In the year ended March 30, EBITDA margin amounted to 19.59%, whereas operating margins totaled 9.50%. Based on annual data, SONY earned $32.3 billion in gross profit and brought in $85.39 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.30%. Return on equity (ROE) for the past 12 months was 13.80%.
In Sony Group Corporation’s quarter-end financial report for March 30, it reported total debt of $902.28 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SONY’s revenue rose 11.04% during the quarter, while net income inched up to $81.6 billion. While analysts expected Sony Group Corporation to report $0.55 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 41.80%. During the quarter, the company generated $3.65 billion in EBITDA. The liabilities of Sony Group Corporation were 188.2 billion at the end of its most recent quarter ended March 30, and its total debt was $4.15 trillion.
Technical Picture
This quick technical analysis looks at Sony Group Corporation’s (SONY) price momentum. With a historical volatility rate of 17.66%, the RSI 9-day stood at 57.15% on 31 August.
With respect to its five-day moving average, the current Sony Group Corporation price is up by +4.70% percent or $3.81. At present, SONY shares trade -5.85% below its 20-day simple moving average and -4.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.50% below its SMA50 and +3.02% above its SMA200.
Stochastic coefficient K was 65.31% and Stochastic coefficient D was 48.12%, while ATR was 1.49. Given the Stochastic reading of 81.17% for the 14-day period, the RSI (14) reading has been calculated as 47.93%. As of today, the MACD Oscillator reading stands at 1.06, while the 14-day reading stands at 0.97.
Analyst Ratings
Goldman upgraded its rating on Sony Group Corporation (NYSE: SONY) to a Buy in a note to investors on July 12, 2023. The analysts firm previously had a Neutral rating on the stock.Sony Group Corporation (SONY) has been rated Buy by analysts. According to 1 brokerage firm, SONY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Sony Group Corporation stock as buy, with 18 recommending it as overweight.
With a median target price of $111.31, the current consensus forecast for the stock is $68.67 – $138.86. Based on these forecasts, analysts predict Sony Group Corporation (SONY) will achieve an average price target of $111.71.
