Rakuten (OTCMKTS:RKUNY) Stock Price Down 0.2% - Time to Sell?

Key Points

• Rakuten's stock price fell by 0.2% to $6.48, with trading volume down by 48% compared to the average.
• Despite the stock's decline, Wall Street analysts have a positive outlook, with a consensus rating of "Strong Buy" from CLSA and Nomura Securities.
• In its latest quarterly earnings, Rakuten missed EPS estimates by $0.20 but reported revenue of $4.04 billion, exceeding analyst expectations.

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) shares dropped 0.2% on Tuesday . The stock traded as low as $6.48 and last traded at $6.48. Approximately 5,395 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 10,377 shares. The stock had previously closed at $6.50.

Wall Street Analysts Forecast Growth

RKUNY has been the topic of a number of research analyst reports. CLSA upgraded Rakuten to a "strong-buy" rating in a report on Thursday, May 29th. Nomura Securities upgraded Rakuten from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Rakuten currently has a consensus rating of "Strong Buy".

Rakuten Stock Down 0.2%

The stock has a market cap of $14.04 billion, a price-to-earnings ratio of -9.98 and a beta of 1.09. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.67. The stock has a fifty day moving average of $5.83 and a two-hundred day moving average of $5.69.

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

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