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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.80, but opened at $12.38. SoftBank Group shares last traded at $12.23, with a volume of 274,398 shares traded.

Wall Street Analyst Weigh In

SFTBY has been the topic of a number of recent research reports. Citigroup started coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. BTIG Research assumed coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research note on Monday. They set an “overweight” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SoftBank Group Price Performance

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a market capitalization of $139.65 billion, a P/E ratio of 5.64 and a beta of 1.46. The business has a fifty day moving average of $13.58 and a 200-day moving average of $15.06.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%.The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. On average, sell-side 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.