SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Time to Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.44, but opened at $17.71. SoftBank Group shares last traded at $17.70, with a volume of 832,073 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five 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. According to MarketBeat.com, SoftBank Group presently has an average rating of “Hold”.

SoftBank Group Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $204.83 billion, a price-to-earnings ratio of 6.33 and a beta of 1.89. The business’s 50-day moving average price is $17.31 and its two-hundred day moving average price is $16.83.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. On average, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 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.