Moreover, the 36-month beta value for MARK is 2.88. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Remark Holdings Inc (MARK) is $37.50, which is $36.95 above the current market price. The public float for MARK is 19.11M and currently, short sellers hold a 9.49% of that float. On November 20, 2023, MARK’s average trading volume was 264.68K shares.
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MARK) stock’s latest price update
The stock price of Remark Holdings Inc (NASDAQ: MARK) has dropped by -9.00 compared to previous close of 0.60. Despite this, the company has seen a fall of -1.14% in its stock price over the last five trading days. PRNewsWire reported 2023-11-15 that LAS VEGAS, Nov. 15, 2023 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital video analytics, today announced the company’s conference call to review financial results for its fiscal third quarter ended September 30, 2023, will be held on Monday, November 20, 2023, at 4:30 p.m. Eastern time.
MARK’s Market Performance
Remark Holdings Inc (MARK) has experienced a -1.14% fall in stock performance for the past week, with a 13.75% rise in the past month, and a -15.99% drop in the past quarter. The volatility ratio for the week is 9.05%, and the volatility levels for the past 30 days are at 10.78% for MARK. The simple moving average for the past 20 days is 7.77% for MARK’s stock, with a -44.22% simple moving average for the past 200 days.
Analysts’ Opinion of MARK
Many brokerage firms have already submitted their reports for MARK stocks, with ROTH Capital repeating the rating for MARK by listing it as a “Buy.” The predicted price for MARK in the upcoming period, according to ROTH Capital is $20.50 based on the research report published on January 31, 2018 of the previous year 2018.
MARK Trading at 8.12% from the 50-Day Moving Average
After a stumble in the market that brought MARK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.79% of loss for the given period.
Volatility was left at 10.78%, however, over the last 30 days, the volatility rate increased by 9.05%, as shares surge +18.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.08% lower at present.
During the last 5 trading sessions, MARK fell by -1.14%, which changed the moving average for the period of 200-days by -61.28% in comparison to the 20-day moving average, which settled at $0.5109. In addition, Remark Holdings Inc saw -50.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MARK starting from BOTTS THEODORE P, who purchase 8,000 shares at the price of $0.61 back on Sep 06. After this action, BOTTS THEODORE P now owns 21,982 shares of Remark Holdings Inc, valued at $4,851 using the latest closing price.
BOTTS THEODORE P, the Director of Remark Holdings Inc, purchase 3,800 shares at $0.71 during a trade that took place back on Aug 21, which means that BOTTS THEODORE P is holding 13,982 shares at $2,708 based on the most recent closing price.
Stock Fundamentals for MARK
Current profitability levels for the company are sitting at:
- -182.60 for the present operating margin
- +1.45 for the gross margin
The net margin for Remark Holdings Inc stands at -475.60. The total capital return value is set at -77.01, while invested capital returns managed to touch -1,038.04. Equity return is now at value -1045.96, with -136.57 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 3.25, with the company’s debt to enterprise value settled at 0.59. The receivables turnover for the company is 0.94 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.35.
Conclusion
To wrap up, the performance of Remark Holdings Inc (MARK) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
