SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $18.73, but opened at $19.62. SoftBank Group shares last traded at $19.32, with a volume of 358,439 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SFTBY shares. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SoftBank Group presently has a consensus rating of “Hold”.

SoftBank Group Trading Up 3.3%

The firm has a 50-day moving average of $20.62 and a 200 day moving average of $15.95. 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 stock has a market capitalization of $221.05 billion, a price-to-earnings ratio of 6.68 and a beta of 1.83.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. As a group, equities analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 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.