1 million PlayStation VR headsets have reportedly been sold by Sony Corp (SNE) since their release in the fall of 2016. In comparison, its competitor HTC has sold 420 000 Vive headsets by the end of last year, while Oculus VR has sold 243 000 Rift headsets. Samsung still remains a dominant factor in that market, as 5 million Gear VR headsets have been sold globally.
Shares of Sony Corp closed lower for a third time in the past nine trading sessions on Monday. The stock edged down 0.21% ($0.08) to $37.67, after touching an intraday high at $37.88, or a price level not seen since April 5th 2010 ($38.63). In the week ended on June 4th the shares of the electronics manufacturer added 2.92% to their market value compared to a week ago, which marked a seventh consecutive period of gains and also the best performance since the week ended on April 23rd. The stock has pared its advance to 2.87% so far during the current month, following a 6.08% surge in May. The latter has been a fifth consecutive month of gains. For the entire past year, the shares of the NYSE-listed manufacturer gained 13.90%.
According to Shawn Layden, Chief Executive of Sony Interactive Entertainment America, PlayStation VR sales are expected to gain further momentum in 2017, with the headsets being made more available following a shortage during the holiday season.
On the other hand, 5.25 million games have reportedly been bought by PlayStation VR owners, with each play session being 25 minutes in length, on average.
According to CNN Money, the 21 analysts, offering 12-month forecasts regarding Sony Corp’s stock price, have a median target of $40.53, with a high estimate of $46.17 and a low estimate of $29.44. The median estimate is a 7.59% surge compared to the closing price of $37.67 on June 5th.
The same media also reported that 17 out of 23 surveyed investment analysts had rated Sony Corp’s stock as “Buy”, while 3 – as “Hold”.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the Sony (NYSE:SNE) stock are presented as follows:
R1 – $37.69
R2 – $37.71
R3 (Range Resistance – Sell) – $37.73
R4 (Long Breakout) – $37.79
R5 (Breakout Target 1) – $37.86
R6 (Breakout Target 2) – $37.89
S1 – $37.65
S2 – $37.63
S3 (Range Support – Buy) – $37.61
S4 (Short Breakout) – $37.55
S5 (Breakout Target 1) – $37.48
S6 (Breakout Target 2) – $37.45
By using the traditional method of calculation, the weekly levels of importance for Sony Corp (NYSE:SNE) are presented as follows:
Central Pivot Point – $37.27
R1 – $38.23
R2 – $38.70
R3 – $39.66
R4 – $40.61
S1 – $36.80
S2 – $35.84
S3 – $35.37
S4 – $34.89
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