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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $13.09, but opened at $13.71. SoftBank Group shares last traded at $13.3690, with a volume of 1,148,434 shares trading hands.

Wall Street Analyst Weigh In

SFTBY has been the topic of a number of recent analyst reports. BTIG Research started coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating on the stock. Citigroup initiated coverage on shares of SoftBank Group in a report on Monday, January 5th. They set a “buy” rating for the company. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SoftBank Group Price Performance

The stock has a market capitalization of $157.76 billion, a price-to-earnings ratio of 7.59 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 stock has a 50-day simple moving average of $13.76 and a 200 day simple moving average of $14.47.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.34. The firm had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. On average, equities research analysts forecast 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.