SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Still a Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.42, but opened at $13.50. SoftBank Group shares last traded at $13.70, with a volume of 942,078 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on SFTBY. BTIG Research began coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. Zacks Research raised SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Cantor Fitzgerald began coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Finally, Citigroup began coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. Three equities 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, the stock has an average rating of “Hold”.

SoftBank Group Stock Up 10.6%

The stock has a 50-day simple moving average of $12.60 and a two-hundred day simple moving average of $14.61. 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 firm has a market cap of $156.96 billion, a PE ratio of 6.34 and a beta of 1.50.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%.The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. Analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

SoftBank Group Company Profile

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.