Sony has seen considerable success in the gaming sector, resulting in a surprising jump in profits. On November 8, 2024, the Japanese electronics and entertainment group presented outstanding quarterly figures that significantly exceeded expectations. As a result, the stock shot up double digits on Friday, closing at $19.91, up 8.95% from the previous day. This price jump underlines investors’ growing confidence in Sony’s business model, especially in the Playstation games area.
Positive outlook for Sony
Recent developments point to a promising future for Sony. With a market capitalization of 112.2 billion euros and a price-earnings ratio of 3.25 for 2024, the stock appears attractively valued. Sony also plans to pay a dividend of $49.86 per share for the 2024 fiscal year, which corresponds to a yield of 1.97%. These numbers could further increase investor interest and continue the positive development of Sony shares.
Advertisement
Sony shares: buy or sell?! New Sony analysis from November 9th provides the answer:
The latest Sony figures speak for themselves: there is an urgent need for action for Sony shareholders. Is it worth getting started or should you sell? In the current free analysis from November 9th you will find out what to do now.
Sony: buy or sell? Read more here…
