SoftBank Group (OTCMKTS:SFTBY) Stock Price Up 18.8% - Here's What Happened

Key Points

• SoftBank Group shares surged 18.8% to $21.05, reaching as high as $21.70, while trading volume fell 67% below its average.
• Analyst sentiment remains mixed: Deutsche Bank upgraded the stock to “buy,” while Bernstein maintained “outperform” and TD Cowen reiterated “hold.” Overall, MarketBeat reports a consensus rating of “Hold.”
• SoftBank exceeded quarterly expectations, reporting $0.19 in EPS versus $0.07 expected and revenue of $12.82 billion versus the $12.23 billion consensus estimate.

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) rose 18.8% during trading on Tuesday . The stock traded as high as $21.70 and last traded at $21.05. 1,018,475 shares traded hands during trading, a decline of 67% from the average daily volume of 3,075,756 shares. The stock had previously closed at $17.7150.

Analyst Ratings Changes

A number of brokerages recently commented on SFTBY. Sanford C. Bernstein reiterated an "outperform" rating on shares of SoftBank Group in a research report on Wednesday, June 17th. TD Cowen restated a "hold" rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised SoftBank Group from a "hold" rating to a "buy" rating in a research note on Friday, June 26th. Five investment 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, the stock currently has a consensus rating of "Hold".

SoftBank Group Trading Up 16.1%

The stock has a market capitalization of $234.99 billion, a P/E ratio of 7.26 and a beta of 1.89. The stock has a 50-day moving average price of $17.24 and a two-hundred day moving average price of $16.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%.The company had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.23 billion. On average, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 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.

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