Sony Group Corporation (NYSE:SONY) shares fell to a low of $96.00 before closing at $96.91. Intraday shares traded counted 1.06 million, which was -37.88% lower than its 30-day average trading volume of 767.99K. SONY’s previous close was $94.77 while the outstanding shares total 1.24B. The firm has a beta of 0.82, a 12-month trailing P/E ratio of 11.39, and a growth ratio of 0.98. The stock’s Relative Strength Index (RSI) is 44.56, with weekly volatility at 1.31% and ATR at 1.64. The SONY stock’s 52-week price range has touched low of $68.15 and a $118.50 high. The stock traded higher over the last trading session, gaining 2.26% on 06/21/21.
Investors have identified the Consumer Electronics company Sony Group Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $121.74 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sony Group Corporation (SONY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SONY, the company has in raw cash 18.03 billion on their books with 13.82 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 70.93 billion total, with 75.56 billion as their total liabilities.
SONY were able to record 4.99 billion as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by -593.34 million. In cash movements, the company had a total of 8.01 billion as operating cash flow.
Potential earnings growth for Sony Group Corporation (SONY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Sony Group Corporation recorded a total of 25.89 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.46% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 23.26%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 14.93 billion trying to sell their products during the last quarter, with the result yielding a gross income of 10.96 billion. This allows shareholders to hold on to 1.24B with the recently reported earning now reading 2.90 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.81 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.78 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SONY sounds very interesting.
Is the stock of SONY attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.03%.
16 out of 24 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Sony Group Corporation. 0 analysts has assigned a Sell rating on the SONY stock. The 12-month mean consensus price target for the company’s shares has been set at $154.77.