SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Time to Buy?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up prior to trading on Thursday . The stock had previously closed at $12.58, but opened at $13.85. SoftBank Group shares last traded at $13.73, with a volume of 778,623 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SFTBY. Citigroup initiated coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. BTIG Research began coverage on SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 3.9%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92. The company has a market capitalization of $150.68 billion, a PE ratio of 7.25 and a beta of 1.47. The company’s fifty day moving average is $13.89 and its 200-day moving average is $14.35.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $1.34. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. The firm had revenue of $12.44 billion during the quarter, compared to analysts’ expectations of $12.61 billion. As a group, analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current fiscal year.

SoftBank Group Company Profile

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.