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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped up prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SFTBY shares. Zacks Research upgraded SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of SoftBank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SoftBank Group presently has an average rating of “Hold”.

SoftBank Group Price Performance

The stock’s 50-day moving average price is $20.07 and its 200 day moving average price is $15.59. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $239.10 billion, a price-to-earnings ratio of 7.22 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share 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 analyst estimates of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. Equities research analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share 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.