SoftBank Group (OTCMKTS:SFTBY) Hits New 1-Year High – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $25.00 and last traded at $24.16, with a volume of 488922 shares trading hands. The stock had previously closed at $21.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SFTBY shares. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Sanford C. Bernstein started coverage on SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating for the company. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Report on SoftBank Group

SoftBank Group Trading Up 15.9%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. The company has a market cap of $279.48 billion, a P/E ratio of 8.44 and a beta of 1.70. The stock has a 50-day moving average of $15.04 and a two-hundred day moving average of $14.40.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a return on equity of 30.38% 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. On average, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share for the current year.

SoftBank Group Company Profile

(Get Free Report)

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.

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