SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Still a Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up prior to trading on Thursday . The stock had previously closed at $17.75, but opened at $19.00. SoftBank Group shares last traded at $19.54, with a volume of 381,287 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SFTBY shares. Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Cantor Fitzgerald started coverage on SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating for the company. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein started coverage on SoftBank Group in a research report on Monday. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SoftBank Group currently has a consensus rating of “Hold”.

SoftBank Group Trading Up 12.7%

The company has a 50 day simple moving average of $14.50 and a 200 day simple moving average of $14.41. 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 stock has a market capitalization of $228.59 billion, a PE ratio of 6.91 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. The firm had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%. Analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.09 earnings per share 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.