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 $17.7068, but opened at $19.35. SoftBank Group shares last traded at $19.55, with a volume of 513,510 shares.

Wall Street Analysts Forecast Growth

SFTBY has been the subject of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

SoftBank Group Price Performance

The business has a fifty day moving average of $20.58 and a two-hundred day moving average of $15.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The firm has a market capitalization of $210.71 billion, a price-to-earnings ratio of 6.37 and a beta of 1.83.

SoftBank Group (OTCMKTS:SFTBY) last released 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 firm had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. As a group, research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current fiscal 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.