SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.79 and traded as low as $16.00. SoftBank Group shares last traded at $16.34, with a volume of 1,558,672 shares changing hands.
Analyst Ratings Changes
Several research firms recently issued reports on SFTBY. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on SoftBank Group
SoftBank Group Stock Performance
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The firm had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%. As a group, equities analysts predict that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current 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.
See Also
- Five stocks we like better than SoftBank Group
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.
