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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.82, but opened at $13.28. SoftBank Group shares last traded at $13.22, with a volume of 858,824 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BTIG Research initiated coverage on SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Citigroup assumed coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

SoftBank Group Price Performance

The firm has a market capitalization of $150.68 billion, a price-to-earnings ratio of 6.09 and a beta of 1.47. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $13.86 and a two-hundred day moving average price of $15.10.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a return on equity of 24.75% and a net margin of 48.62%.The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. As a group, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current 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.