SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up before the market opened on Thursday . The stock had previously closed at $20.08, but opened at $21.80. SoftBank Group shares last traded at $20.74, with a volume of 444,247 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on SFTBY shares. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Finally, Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating for the company. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The firm’s fifty day moving average is $20.07 and its 200-day moving average is $15.59. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $239.10 billion, a PE ratio of 7.22 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The business had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. As a group, research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.