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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $18.10, but opened at $16.76. SoftBank Group shares last traded at $16.92, with a volume of 224,148 shares.

Analyst Upgrades and Downgrades

SFTBY has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday. Sanford C. Bernstein began coverage on shares of SoftBank Group in a research note on Monday. They issued an “outperform” rating on the stock. Cantor Fitzgerald began coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating on the stock. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Four 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. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

SoftBank Group Stock Down 5.6%

The stock has a market cap of $195.23 billion, a price-to-earnings ratio of 5.90 and a beta of 1.70. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average price is $14.27 and its 200-day moving average price is $14.47.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. On average, sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.05 earnings per share 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.