Rakuten (OTCMKTS:RKUNY) Shares Gap Up - What's Next?

Key Points

• Rakuten's stock price opened at $6.77 after closing at $6.50, with a trading volume of 1,580 shares.
• Analyst ratings for Rakuten have improved, with Nomura Securities and CLSA both upgrading the stock to a strong-buy rating.
• Despite reporting a revenue of $4.04 billion in its latest quarterly earnings, Rakuten missed EPS estimates, posting a loss of ($0.16).

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.50, but opened at $6.77. Rakuten shares last traded at $6.51, with a volume of 1,580 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RKUNY. Nomura Securities raised Rakuten from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. CLSA raised Rakuten to a "strong-buy" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Rakuten Stock Down 0.2%

The company has a market cap of $14.04 billion, a P/E ratio of -9.98 and a beta of 1.09. The company has a 50 day moving average of $5.80 and a 200-day moving average of $5.68. The company has a debt-to-equity ratio of 4.67, a current ratio of 1.15 and a quick ratio of 1.15.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.20). Rakuten had a negative net margin of 8.85% and a negative return on equity of 18.83%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, equities analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current 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.

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