Recent extremely meaningful negative changes in investment behavior have impacted Sony Group Corporation (NYSE: SONY): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Marginal negative changes in fundamentals have recently occurred for Sony Group Corporation (NYSE: SONY): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SONY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Sony Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sony Group has a neutral Appreciation Score of 43 but a poor Power Rating of 25, and the Negative Value Trend Rating results.
Recent Price Action
Sony Group Corporation (NYSE: SONY) stock closed at $81.12 on 6/17/24 after a modest decline of -1.3%. However, trading volume in this decline was normal at 83% of normal. The stock has declined -5.1% during the last week and has been weak relative to the market over the last nine months.
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