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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price 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 trading hands.

Analyst Ratings Changes

A number of research firms recently commented on SFTBY. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SoftBank Group Stock Performance

The company has a market capitalization of $225.16 billion, a PE ratio of 6.80 and a beta of 1.79. The firm has a 50-day moving average of $20.32 and a two-hundred day moving average of $15.66. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $12.54 billion. Research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS 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.