Daniel Loeb’s hedge fund Third Point LLC is reportedly amassing a stake in Sony Corp.
Citing sources familiar with the matter (and who were not named), Reuters reported that Third Point wants the stake to push for a divestment of some of Sony Corp.’s businesses. The Reuters report could not specify the exact amount Third Point has so far accumulated in Sony stock. But the report did mention that the hedge fund company is forming a vehicle expected to range between $500 million and $1 billion in capital, in order to buy more Sony shares (citing the sources).
Sony, once the leader in consumer electronics, is currently facing heated competition in the space from rivals like Apple. Over the past several years, the company has tried to restructure itself by focusing on entertainment and video games. However, Sony’s gaming business growth is apparently tapering off. That could potentially be spurring investors – especially the activist or more influential ones - into looking for avenues and/or strategies to boost growth.
The RSI Oscillator for SONY moved out of oversold territory on April 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where SONY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SONY advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
SONY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on March 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SONY as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SONY turned negative on April 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for SONY moved below the 200-day moving average on April 15, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SONY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SONY entered a downward trend on April 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SONY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.189) is normal, around the industry mean (77.054). P/E Ratio (18.867) is within average values for comparable stocks, (44.654). SONY's Projected Growth (PEG Ratio) (4.413) is very high in comparison to the industry average of (1.742). SONY has a moderately low Dividend Yield (0.007) as compared to the industry average of (0.025). P/S Ratio (1.227) is also within normal values, averaging (65.367).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of electronic equipment, consumer & industrial electronics, game consoles & related software and others
Industry ElectronicsAppliances