Shares of Remark Holdings Inc (NASDAQ:MARK) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $4.00 for the company and are predicting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Remark an industry rank of 108 out of 255 based on the ratings given to its competitors.
MARK has been the subject of a number of recent research reports. ValuEngine upgraded Remark from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Zacks Investment Research upgraded Remark from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th.
Shares of MARK stock traded down $0.03 during mid-day trading on Monday, reaching $0.56. The stock had a trading volume of 53,700 shares, compared to its average volume of 188,041. Remark has a 12-month low of $0.43 and a 12-month high of $3.23. The company has a market cap of $24.09 million, a P/E ratio of -0.95 and a beta of 1.82. The business has a 50-day simple moving average of $0.57 and a 200 day simple moving average of $0.77.
Remark (NASDAQ:MARK) last announced its quarterly earnings results on Tuesday, November 12th. The information services provider reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $3.26 million. On average, equities analysts forecast that Remark will post -0.48 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Evoke Wealth LLC purchased a new stake in Remark during the 3rd quarter worth about $644,000. Jane Street Group LLC purchased a new stake in Remark during the 2nd quarter worth about $111,000. Finally, Paloma Partners Management Co purchased a new stake in Remark during the 2nd quarter worth about $112,000. Hedge funds and other institutional investors own 14.65% of the company’s stock.
Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
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