Rakuten (OTCMKTS:RKUNY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Rakuten, Inc. saw a significant increase in trading volume, with shares trading at 46,046, up 92% from the previous day's volume.
• Analysts have mixed views on Rakuten, with CLSA upgrading the stock to a "strong-buy" rating while Nomura Securities rated it as a "hold."
• Despite reporting a revenue of $4.04 billion, Rakuten's quarterly earnings missed estimates, resulting in a loss of ($0.16) EPS compared to expectations of $0.04.

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 46,046 shares changed hands during mid-day trading, an increase of 92% from the previous session's volume of 23,973 shares.The stock last traded at $6.12 and had previously closed at $6.16.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RKUNY shares. CLSA upgraded Rakuten to a "strong-buy" rating in a research note on Thursday, May 29th. Nomura Securities upgraded Rakuten from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Rakuten Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.62. The business has a fifty day moving average price of $5.49 and a 200-day moving average price of $5.70.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.20). The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.83 billion. Rakuten had a negative net margin of 8.85% and a negative return on equity of 19.13%. As a group, sell-side analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

Rakuten Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.