Remark Holdings Inc. (NASDAQ:MARK) finished Wednesday with a subtraction of -$0.08 to close at $0.93, a downside of -7.73 percent. An average of 2,555,640 shares of common stock have been traded in the last five days. There was a gain of $0.0571 in the past week. The last 20 days have seen an average of 1,501,710 shares traded, while the 50-day average volume stands at 1,287,930.
MARK stock has decreased by -21.69% 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 $0.75 and a high of $4.72 in 52 weeks. In spite of this, the price is down -80.26% from the 52-week high.
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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 30.41 for the sector. The stock’s beta is 2.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.68.
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 not 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.
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 quarter, EBITDA amounted to -$2.3 million. Shareholders own equity worth $100.8 million.
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 13 October was 37.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 98.49%.
As of today, MARK’s price is $0.9409 +6.53% or $0.0571 from its 5-day moving average. MARK is currently trading -22.34% lower than its 20-day SMA and -43.18% lower than its 100-day SMA. However, the stock’s current price level is -26.62% below the SMA50 and -53.87% below the SMA200.
The stochastic %K and %D were 43.92% and 40.64%, respectively, and the average true range (ATR) was 0.0953. With the 14-day stochastic at 39.08% and the average true range at 0.0912, the RSI (14) stands at 36.80%. The stock has reached 0.0321 on the 9-day MACD Oscillator while the 14-day reading was at -0.0322.
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 1002.15% 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.