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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up before the market opened on Monday . The stock had previously closed at $15.4707, but opened at $16.55. SoftBank Group shares last traded at $16.21, with a volume of 1,223,860 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SFTBY shares. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SoftBank Group presently has an average rating of “Hold”.

SoftBank Group Price Performance

The company has a market capitalization of $203.68 billion, a P/E ratio of 6.15 and a beta of 1.87. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $19.93 and its 200-day moving average price is $16.34.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.The business had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. As a group, sell-side analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.1 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.