SoftBank Group (OTCMKTS:SFTBY) Hits New 1-Year High – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.00 and last traded at $24.16, with a volume of 488922 shares. The stock had previously closed at $21.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SFTBY. Sanford C. Bernstein began coverage on shares of SoftBank Group in a report on Monday, May 18th. They issued an “outperform” rating on the stock. TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Cantor Fitzgerald began coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating on the stock. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

SoftBank Group Trading Up 15.9%

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 firm has a fifty day simple moving average of $15.04 and a two-hundred day simple moving average of $14.40. The firm has a market cap of $279.48 billion, a PE ratio of 8.44 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.86. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%.The business had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. Equities analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS 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.