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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up prior to trading on Wednesday. The stock had previously closed at $19.62, but opened at $20.25. SoftBank Group shares last traded at $19.40, with a volume of 207,093 shares trading hands.

Analysts Set New Price Targets

SFTBY has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $224.02 billion, a price-to-earnings ratio of 6.92 and a beta of 1.91. The stock has a fifty day moving average price of $18.32 and a 200-day moving average price of $18.06.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. As a group, analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese holding company focused on technology investments and telecommunications-related businesses. Founded by Masayoshi Son in 1981 as a distributor of computer software, the company expanded into internet services, mobile communications, and global technology investing. Its portfolio has included companies in artificial intelligence, e-commerce, fintech, enterprise software, semiconductors, and other technology sectors.

SoftBank Group manages investment activities through vehicles such as the SoftBank Vision Funds, which provide capital to technology companies at various stages of development.