SoftBank Group (OTCMKTS:SFTBY) Shares Down 10.2% - Here's What Happened

Key Points

• Shares fell 10.2% on Tuesday, trading as low as $15.70 and last at $16.0950 versus a prior close of $17.92, with volume of 592,014—about 75% below the average session volume.
• Analysts are mixed and the MarketBeat consensus rating is "Hold" (3 Buys, 3 Holds, 1 Sell), with recent actions including new Buy initiations and a downgrade to Underperform from Jefferies.
• SoftBank beat its latest quarter (EPS $0.14 vs $0.10 est.; revenue $12.90B vs $12.44B), trades at a PE of 7.3 and has a market cap of $180.7B, while showing liquidity ratios below 1 and a debt/equity near 1.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares traded down 10.2% during trading on Tuesday . The stock traded as low as $15.70 and last traded at $16.0950. 592,014 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,323,856 shares. The stock had previously closed at $17.92.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen upgraded SoftBank Group to a "hold" rating in a report on Wednesday, April 1st. BTIG Research began coverage on SoftBank Group in a report on Monday, January 5th. They issued a "buy" rating on the stock. Citigroup began coverage on SoftBank Group in a report on Monday, January 5th. They set a "buy" rating on the stock. Cantor Fitzgerald began coverage on SoftBank Group in a report on Monday, March 9th. They set an "overweight" rating on the stock. Finally, Jefferies Financial Group downgraded SoftBank Group from a "hold" rating to an "underperform" rating in a report on Thursday, March 12th. Three 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's stock. According to MarketBeat, SoftBank Group has a consensus rating of "Hold".

SoftBank Group Stock Performance

The company has a market cap of $180.72 billion, a PE ratio of 7.30 and a beta of 1.50. 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 business has a fifty day moving average of $12.98 and a 200-day moving average of $14.57.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion for the quarter, compared to analysts' expectations of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. Equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 2.78 earnings per share for the current fiscal year.

About SoftBank Group

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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