SoftBank Group (OTCMKTS:SFTBY) Shares Down 8.2% – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price fell 8.2% on Wednesday . The stock traded as low as $25.08 and last traded at $25.14. 477,309 shares were traded during trading, a decline of 80% from the average session volume of 2,405,896 shares. The stock had previously closed at $27.38.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SFTBY shares. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft cut shares of SoftBank Group from a “buy” rating to a “hold” rating in a report on Tuesday. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Finally, Zacks Research raised SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

SoftBank Group Stock Performance

The company’s 50-day moving average is $16.40 and its two-hundred day moving average is $14.63. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market cap of $294.96 billion, a P/E ratio of 8.91 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last released its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. Equities analysts predict 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.