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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.88, but opened at $15.38. SoftBank Group shares last traded at $15.57, with a volume of 314,348 shares changing hands.

Analyst Upgrades and Downgrades

SFTBY has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SoftBank Group presently has a consensus rating of “Hold”.

SoftBank Group Price Performance

The company has a market capitalization of $177.92 billion, a P/E ratio of 5.50 and a beta of 1.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The firm’s 50-day moving average is $17.49 and its 200-day moving average is $16.82.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. The business had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.23 billion. Analysts predict that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current fiscal 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.