SoftBank Group (OTCMKTS:SFTBY) Trading 9.7% Higher – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price shot up 9.7% on Wednesday . The company traded as high as $17.80 and last traded at $17.77. 517,267 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 2,315,971 shares. The stock had previously closed at $16.20.

Analysts Set New Price Targets

SFTBY has been the subject of a number of analyst reports. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. BTIG Research began coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. TD Cowen raised SoftBank Group to a “hold” rating in a report on Wednesday, April 1st. Cantor Fitzgerald assumed coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating for the company. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

SoftBank Group Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market cap of $206.20 billion, a price-to-earnings ratio of 8.33 and a beta of 1.50. The company has a 50 day moving average price of $12.82 and a 200-day moving average price of $14.60.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. As a group, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.78 EPS 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.