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- 1 Sony Group’s price increased by 0.05% over the past 24 hours.
- 2 Sony Group Corporation (NYSE: SONY) stock’s 52-week price range is $63 – $100.
The Consumer Durables industry has seen an annual growth rate of 4.5% in earnings, but Sony Group has outperformed it with a 7.3% average annual growth rate in earnings. As per Simplywall Inc., a financial website that offers stock analysis and insights, Sony Group has also increased its revenues by 5.3% per year on average. The company has a return on equity of 12.9% and a net margin of 8.1%.
The debt-to-equity ratio of Sony Group is 51.6% which is calculated from its total shareholder equity of $52.1 Billion and total debt of $26.9 Billion. As per Simplywall Inc. the company has total assets of $227.9 Billion and total liabilities of $175.8 Billion. Sony Group has a high-interest coverage ratio of 2307.3 which is derived from its EBIT of $8.4 Billion. It also has $5.2 Billion in cash and short-term investments.
The market capitalization of SONY stock is $115.697 Billion and the total revenue is $85.15 Billion. Moreover, the stock’s basic EPS is $5.56 and the price-to-earnings ratio is 16.94. Moreover, the average volume is 672 and the current volume is 2.48K, the current volume is above average volume.
The stock has done well this month, increasing by 3.43% and it has surged by 4.76% in the last six months. Sony Group Corporation (NYSE: SONY) stock has a positive year-to-date return of 21.50% and also a positive 1-year return of 9.71%.
Technical Analysis of Sony Group Price in 1-D Time Frame
The price action shows that Sony Group Corporation ( NYSE: SONY) price found strong support at $82.08 and climbed steadily by about 23% in four months by June 14th, creating a wave of higher highs and higher lows.
However, this uptrend was interrupted as the SONY stock price met resistance at $101.12 and dropped by almost 11% in a month. The SONY price bounced back from $89.60 on July 13th and is currently trading around $93.74.
Therefore, if the SONY price maintains the CMP level, it may continue to rise and hit the targets of $95.16 and $101.12.
Alternatively, if the SONY price rejects the CMP level and falls, it may reach the nearest support levels of $89.60 and $82.08.
At the time of publishing, Public Storage is trading above the 50, and 200-day EMAs (Exponential Moving Average), which are supporting the Sony Group stock price over the daily time frame chart.
The current value of RSI is 51.85 points. The 14 SMA is near the median line at 48.71 points which indicates that the SONY share price is bullish as the RSI line took support from the 14 SMA line.
The MACD line at 0.0144 and signal line at 0.3358 are below the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the SONY share price.
Summary
Sony Group Corporation (NYSE: SONY) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical parameters of the SONY stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue over the Sony Group price.
Technical Levels
- Support levels: The nearest support levels are $89.60 and $82.08.
- Resistance levels: The nearest resistance levels are $95.16 and $101.12.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
