SoftBank Group (OTCMKTS:SFTBY) Shares Pass Below 200-Day Moving Average – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet 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

The firm has a market cap of $180.23 billion, a P/E ratio of 5.57 and a beta of 1.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The business’s 50-day simple moving average is $17.85 and its 200 day simple moving average is $16.81.

SoftBank Group (OTCMKTS:SFTBYGet 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

(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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