Remark Holdings Inc. (NASDAQ:MARK) saw an upside of 1.52% to close Monday at $0.94 after adding $0.01 on the day. The 5-day average trading volume is 2,095,220 shares of the company’s common stock. It has gained $0.9978 in the past week. An average of 1,277,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,204,632.
MARK’s 1-month performance is -26.24% or -$0.3359 on its low of $0.7500 reached on 10/07/21. The company’s shares have touched a 52-week low of $0.75 and high of $4.72, with the stock’s rally to the 52-week high happening on 02/05/21. YTD, MARK has lost -50.31% or -$0.9559. However, the current price is down -80.00%% from the 52-week high price.
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Remark Holdings Inc. (MARK) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.36 for the sector.MARK stock has a beta of 2.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.75.
Remark Holdings Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.50 meaning that MARK stock is not able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 35.60%. The trailing 12-month EBITDA margin is -129.77% while for the period ending June 29; Remark Holdings Inc.’s operating margin was -89.00%. The firm’s gross profit as reported stood at $3.72 million against revenue of $10.14 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected MARK to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.02, representing a 33.30% surprise. EBITDA for the quarter stood at more than -$2.3 million. MARK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 28.94 million, with total debt at $7.94 million. Shareholders hold equity totaling $100.8 million
Let’s look briefly at Remark Holdings Inc. (MARK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 34.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 81.63%.
The stock’s 5-day moving average is $0.9055, reflecting a +7.28% or $0.0641 change from its current price. MARK is currently trading -23.86% above its 20-day SMA, -39.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -27.38% and -52.32% respectively.
Stochastic %K and %D was 34.86% and 23.49% and the average true range (ATR) pointed at 0.0902. The RSI (14) points at 34.54%, while the 14-day stochastic is at 39.61% with the period’s ATR at 0.0874. The stock’s 9-day MACD Oscillator is pointing at -0.0278 and -0.1068 on the 14-day charts.
In the most recent analyst report for Remark Holdings Inc. (NASDAQ: MARK), ROTH Capital reiterated its a Buy rating for the company but lifted their price target by $10.25 to $20.50. Analysts offering their rating for MARK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MARK as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is MARK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.75 and a high of $3.75, with their median price target at $3.75. Looking at these predictions, the average price target given by analysts is for Remark Holdings Inc. (MARK) stock is $3.75.