SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up - What's Next?

Key Points

• Shares gapped up: SFTBY jumped from a $15.24 close to a $16.00 open and last traded at $16.12 on a volume of 168,714 shares, signaling a notable intraday move.
• Analyst consensus is mixed: three analysts rate the stock Buy, three Hold and one Sell, giving SoftBank an average rating of "Hold" despite recent divergent calls (Citigroup buy, Cantor Fitzgerald overweight, Jefferies underperform).
• Solid fundamentals and earnings beat: market cap ~$181.5B, P/E 7.33, 50-day/200-day averages $12.70/$14.56, and the company beat quarterly EPS ($0.14 vs. $0.10) and revenue estimates; analysts forecast FY EPS of 2.78.

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.24, but opened at $16.00. SoftBank Group shares last traded at $16.12, with a volume of 168,714 shares traded.

Wall Street Analysts Forecast Growth

SFTBY has been the topic of a number of recent analyst reports. TD Cowen upgraded shares of SoftBank Group to a "hold" rating in a research report on Wednesday, April 1st. Jefferies Financial Group downgraded shares of SoftBank Group from a "hold" rating to an "underperform" rating in a research report on Thursday, March 12th. Citigroup started coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a "buy" rating on the stock. Zacks Research raised shares of SoftBank Group to a "hold" rating in a research note on Tuesday, March 10th. Finally, Cantor Fitzgerald started coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an "overweight" rating on the stock. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold".

SoftBank Group Price Performance

The company's 50 day moving average price is $12.70 and its 200-day moving average price is $14.56. The company has a market cap of $181.52 billion, a price-to-earnings ratio of 7.33 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $12.90 billion for the quarter, compared to analysts' expectations of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. On average, equities research analysts forecast 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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