SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Time to Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $24.72, but opened at $23.19. SoftBank Group shares last traded at $22.53, with a volume of 246,597 shares traded.

Analyst Upgrades and Downgrades

SFTBY has been the topic of a number of recent analyst reports. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating on the stock. Sanford C. Bernstein initiated coverage on shares of SoftBank Group in a research note on Monday, May 18th. They set an “outperform” rating on the stock. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Four 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. According to data from MarketBeat, SoftBank Group presently has a consensus rating of “Hold”.

Check Out Our Latest Report on SFTBY

SoftBank Group Stock Performance

The firm has a market capitalization of $276.68 billion, a price-to-earnings ratio of 8.36 and a beta of 1.70. The stock’s 50 day moving average price is $15.80 and its two-hundred day moving average price is $14.52. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. On average, analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS 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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