SoftBank Group (OTCMKTS:SFTBY) Shares Climb 11.3% – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shot up 11.3% during mid-day trading on Tuesday. The stock traded as high as $21.45 and last traded at $21.39. Approximately 3,010,081 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 3,154,620 shares. The stock had previously closed at $19.22.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SFTBY shares. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

SoftBank Group Trading Down 2.2%

The firm has a market cap of $228.47 billion, a P/E ratio of 7.06 and a beta of 1.89. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $18.01 and its 200 day simple moving average is $17.81.

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