Rakuten (OTCMKTS:RKUNY) Shares Up 1% - Time to Buy?

Key Points

• Rakuten's stock increased by 1% on Monday, closing at $5.86 after trading as high as $5.97, despite a decline in trading volume of 48% compared to the average.
• Analysts have recently upgraded Rakuten's rating, with Nomura Securities changing it to a "hold" and CLSA giving it a "strong-buy" rating.
• In its latest quarterly earnings, Rakuten reported a loss of ($0.16) earnings per share, missing the consensus estimate but exceeding revenue expectations with $4.04 billion.

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) shot up 1% on Monday . The company traded as high as $5.97 and last traded at $5.86. 7,693 shares traded hands during trading, a decline of 48% from the average session volume of 14,743 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

A number of brokerages recently weighed in on RKUNY. Nomura Securities raised Rakuten to a "hold" rating in a research report on Tuesday, May 27th. CLSA raised shares of Rakuten to a "strong-buy" rating in a research report on Thursday, May 29th.

Rakuten Price Performance

The stock's 50-day moving average is $5.41 and its 200 day moving average is $5.71. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $12.68 billion, a PE ratio of -9.02 and a beta of 1.04.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last released its quarterly earnings results 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 return on equity of 19.13% and a negative net margin of 8.85%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.83 billion. On average, equities analysts anticipate that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

About Rakuten

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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