SoftBank Group (OTCMKTS:SFTBY) Reaches New 1-Year High - What's Next?

Key Points

• SoftBank Group Corp. reached a new 52-week high, trading at $52.95 and last at $52.17, marking a significant increase from its previous close of $49.35.
• During its most recent quarterly earnings report, SoftBank reported $1.02 earnings per share, significantly surpassing estimates of $0.28 with revenue of $12.35 billion.
• The company's market cap currently stands at $153.76 billion, with a PE ratio of 12.91, reflecting strong financial performance.

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.95 and last traded at $52.17, with a volume of 949248 shares trading hands. The stock had previously closed at $49.35.

SoftBank Group Stock Performance

The company has a 50 day moving average price of $37.74 and a 200-day moving average price of $30.59. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.89.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.28 by $0.74. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.24 billion. SoftBank Group had a return on equity of 12.93% and a net margin of 23.99%. Equities research analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.