Are You Looking To Buy Remark Holdings Inc. (MARK)? First, Read This

Remark Holdings Inc. (NASDAQ:MARK) finished Thursday with an addition of $0.02 to close at $0.89, an upside of 1.55 percent. An average of 2,062,180 shares of common stock have been traded in the last five days. There was a fall of -$0.1616 in the past week. The last 20 days have seen an average of 1,210,050 shares traded, while the 50-day average volume stands at 1,149,396.

MARK stock has decreased by -31.66% in the last month. The company shares reached their 1-month lowest point of $0.7500 on 10/07/21. With the stock rallying to its 52-week high on 02/05/21, shares of the company touched a low of $0.85 and a high of $4.72 in 52 weeks. In spite of this, the price is down -81.18% from the 52-week high.


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Valuation Metrics

Remark Holdings Inc. (MARK) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.72 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 2.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.83.

The quick ratio of Remark Holdings Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.50, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 35.60% against a 5-year average of 39.1%. Remark Holdings Inc.’s EBITDA margin for the year ending June 29 is -129.77%, while its operating margin for the same period stands at -89.00%. Its gross profit as reported stood at $3.72 million compared to revenue of $10.14 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Remark Holdings Inc.’s return on assets was -61.00%, compared to -61.5% over the last five years.

Earnings Surprise

The analyst consensus anticipated Remark Holdings Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.02, a 33.30% surprise. For the recent quarter, EBITDA amounted to -$2.3 million. Shareholders own equity worth $100.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Remark Holdings Inc. (MARK) price momentum. RSI 9-day as of the close on 07 October was 22.12%, suggesting the stock is oversold, with historical volatility in this time frame at 74.79%.

As of today, MARK’s price is $0.9106 -15.39% or -$0.1616 from its 5-day moving average. MARK is currently trading -31.66% lower than its 20-day SMA and -48.65% lower than its 100-day SMA. However, the stock’s current price level is -34.19% below the SMA50 and -49.23% below the SMA200.

The stochastic %K and %D were 12.25% and 6.50%, respectively, and the average true range (ATR) was 0.0822. With the 14-day stochastic at 28.24% and the average true range at 0.0820, the RSI (14) stands at 26.99%. The stock has reached -0.1093 on the 9-day MACD Oscillator while the 14-day reading was at -0.1751.

Analyst Ratings

ROTH Capital reiterated its a Buy rating on Remark Holdings Inc. (NASDAQ: MARK), but raised their price target to $10.25, indicating a potential price increase of 1051.69% for the stock.The consensus rating for Remark Holdings Inc. (MARK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MARK, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is MARK’s price target for the next 12 months?

Analysts predict a range of price targets between $3.75 and $3.75, with a median target of $3.75. Taking a look at these predictions, the average price target given by analysts for Remark Holdings Inc. (MARK) stock is $3.75.

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