SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?
by Teresa Graham · The Cerbat GemSoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares gapped down prior to trading 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.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating on the stock. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Sanford C. Bernstein assumed coverage on shares of SoftBank Group in a report on Monday, May 18th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Report on SFTBY
SoftBank Group Stock Performance
The firm’s fifty day moving average price is $15.32 and its 200-day moving average price is $14.44. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The company has a market cap of $258.92 billion, a P/E ratio of 7.82 and a beta of 1.70.
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. The company had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. As a group, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current fiscal 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.