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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up before the market opened on Thursday . The stock had previously closed at $12.58, but opened at $13.85. SoftBank Group shares last traded at $13.73, with a volume of 778,623 shares.

Analyst Upgrades and Downgrades

SFTBY has been the topic of a number of analyst reports. Citigroup started coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. New Street Research downgraded SoftBank Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 25th. Finally, BTIG Research assumed coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

SoftBank Group Stock Performance

The business’s fifty day simple moving average is $13.99 and its 200-day simple moving average is $14.32. The firm has a market cap of $156.39 billion, a P/E ratio of 7.52 and a beta of 1.47. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.76.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, beating the consensus estimate of $0.14 by $1.34. The firm had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. As a group, sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.22 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.