SoftBank Group (OTCMKTS:SFTBY) Stock Price Up 7.6% – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) shares shot up 7.6% on Friday . The stock traded as high as $16.6887 and last traded at $16.61. 171,607 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,975,085 shares. The stock had previously closed at $15.44.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SFTBY shares. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

View Our Latest Research Report on SoftBank Group

SoftBank Group Price Performance

The stock’s 50-day moving average is $20.27 and its 200 day moving average is $16.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market cap of $180.55 billion, a PE ratio of 5.45 and a beta of 1.83.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.86. The business had revenue of $13.17 billion for 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 28.68%. On average, equities analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.1 earnings per share for the current fiscal 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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