Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report)'s stock price was down 1.7% during trading on Wednesday . The stock traded as low as $5.27 and last traded at $5.34. Approximately 9,032 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 16,048 shares. The stock had previously closed at $5.43.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on RKUNY shares. CLSA upgraded shares of Rakuten to a "strong-buy" rating in a report on Thursday, May 29th. Nomura Securities upgraded shares of Rakuten to a "hold" rating in a report on Tuesday, May 27th.
View Our Latest Stock Report on RKUNY
Rakuten Stock Performance
The stock's 50-day moving average price is $5.63 and its 200-day moving average price is $5.85. The company has a market cap of $11.53 billion, a P/E ratio of -9.05 and a beta of 1.05. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.16 and a quick ratio of 1.16.
Rakuten (OTCMKTS:RKUNY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.69 billion during the quarter. Rakuten had a negative net margin of 8.35% and a negative return on equity of 17.37%. Equities analysts anticipate that Rakuten, Inc. will post 0.06 EPS for the current year.
About Rakuten
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rakuten, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rakuten wasn't on the list.
While Rakuten currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
