SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Here’s What Happened

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares 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 changing hands.

Wall Street Analysts Forecast Growth

SFTBY has been the topic of several research reports. BTIG Research assumed coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. TD Cowen raised SoftBank Group to a “hold” rating in a research note on Wednesday, April 1st. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Finally, Citigroup started coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

SoftBank Group Stock Performance

The stock has a market cap of $209.97 billion, a price-to-earnings ratio of 8.48 and a beta of 1.50. The stock’s 50-day simple moving average is $12.76 and its two-hundred day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. Analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.78 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.