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 Monday . The stock had previously closed at $23.65, but opened at $27.02. SoftBank Group shares last traded at $27.4626, with a volume of 669,929 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SFTBY. Sanford C. Bernstein assumed coverage on shares of SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Finally, Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

SoftBank Group Stock Up 17.2%

The stock’s fifty day simple moving average is $16.05 and its two-hundred day simple moving average is $14.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The company has a market capitalization of $316.55 billion, a price-to-earnings ratio of 9.56 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 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. The business had revenue of $13.17 billion during 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 30.38%. On average, sell-side analysts predict 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.