SoftBank Group (OTCMKTS:SFTBY) Trading Down 4.5% – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) dropped 4.5% on Friday . The company traded as low as $13.06 and last traded at $13.11. Approximately 163,529 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,180,157 shares. The stock had previously closed at $13.73.

Wall Street Analysts Forecast Growth

SFTBY has been the topic of several recent analyst reports. BTIG Research started coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Citigroup initiated coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Performance

The firm has a market cap of $150.68 billion, a P/E ratio of 7.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92. The business’s 50-day simple moving average is $13.89 and its 200 day simple moving average is $14.39.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Tuesday, November 11th. The technology company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $1.34. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%.The firm had revenue of $12.44 billion for the quarter, compared to the consensus estimate of $12.61 billion. As a group, equities analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current 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.