Sony Group Corporation ADR (SONY) At $22.38 Offering A Unique Opportunity

Sony Group Corporation ADR (NYSE:SONY) currently has a daily average trading volume of 2.91M but it saw 4640793 shares traded in last market. With a market cap of 132.97B USD, the company’s current market price of $22.38 came rising about 0.95 while comparing to the previous closing price of $22.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.25 and as low as $15.02. In the recent trading on the day, stock has struck highest price mark of $22.38 while lowest mark touched by it was $22.71.

Taking a look at 20-day trading activity of Sony Group Corporation ADR (SONY) gives us an average price of $20.07, while its current price level is 0.58% below from 52-week high level whereas it is 48.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.07 while that of 200 days or SMA-200 reads an average of $17.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.22% during that period while stretching the period over a month that decreases to 1.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 82.40 which implies that the stock is in overbought territory.

Over the week, SONY’s stock price is moving 7.08% up while it is 19.87% when we observe its performance for the past one month. Year-to-date it is 18.18% up and over the past year, the stock is showing an upside performance of 23.80%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $3.08T as analysts are expecting the sales for current fiscal year at $12.62T and seeing the company making $12.88T in sales next year. Moreover, analysts are in estimates of $3.69T for current-quarter revenue.

Currently, Sony Group Corporation ADR’s total number of outstanding shares is 6.03B. Company’s return on investment (ROI) stands at 11.05% and return on equity (ROE) at 14.74%. It has a price to earnings ratio (P/E ratio) of 18.32 while having a 18.02 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 2.51 while price to sale or P/S ratio amounts to 1.52. Its return on asset (ROA) is 3.25% on average.