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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Friday . The stock had previously closed at $17.76, but opened at $16.56. SoftBank Group shares last traded at $16.2850, with a volume of 565,354 shares traded.

Analysts Set New Price Targets

SFTBY has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Finally, TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

SoftBank Group Stock Down 4.3%

The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The company has a market cap of $194.20 billion, a price-to-earnings ratio of 5.87 and a beta of 1.83. The stock has a fifty day moving average price of $20.69 and a two-hundred day moving average price of $16.12.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.16 by $0.86. The company had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. As a group, sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.03 EPS 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.