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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Thursday . The stock had previously closed at $14.70, but opened at $13.80. SoftBank Group shares last traded at $13.76, with a volume of 383,703 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SFTBY shares. Citigroup initiated coverage on SoftBank Group in a report on Monday. They set a “buy” rating for the company. BTIG Research assumed coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Finally, New Street Research lowered SoftBank Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Performance

The firm’s 50 day moving average price is $14.95 and its two-hundred day moving average price is $14.06. The firm has a market cap of $161.07 billion, a PE ratio of 7.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $1.34. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%.The business had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion. On average, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 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.