SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.24, but opened at $16.00. SoftBank Group shares last traded at $16.12, with a volume of 168,714 shares traded.

Analysts Set New Price Targets

SFTBY has been the topic of several analyst reports. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. BTIG Research initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. TD Cowen raised shares of SoftBank Group to a “hold” rating in a research report on Wednesday, April 1st. Citigroup initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SoftBank Group presently has a consensus rating of “Hold”.

SoftBank Group Price Performance

The stock’s 50-day moving average is $12.70 and its 200 day moving average is $14.56. The stock has a market capitalization of $181.52 billion, a PE ratio of 7.33 and a beta of 1.50. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. As a group, equities analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.78 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.