In the last trading session, 5,522,993 shares of the Remark Holdings, Inc.(NASDAQ:MARK) were traded, and its beta was 3.11. Most recently the company’s share price was $3.85, and it changed around $0.45 or 0.13% from the last close, which brings the market valuation of the company to $383.09 Million. MARK currently trades at a discount to its 52-week high of $4.72, offering almost -22.6% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 93.51% since then. We note from Remark Holdings, Inc.’s average daily trading volume that its 10-day average is 5.77 Million shares, with the 3-month average coming to 5.18 Million.
Remark Holdings, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended MARK as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Remark Holdings, Inc. is expected to report earnings per share of -$0.03 for the current quarter.
Remark Holdings, Inc. (NASDAQ:MARK): Trading Information
Instantly MARK has showed a green trend with a performance of 13.24% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $4.60- on Friday, Feb 12 increased the stock’s daily price by 16.3%. The company’s shares are currently up 1.03% year-to-date, but still down -0.0941 over the last five days. On the other hand, Remark Holdings, Inc. (NASDAQ:MARK) is 0.55% up in the 30-day period. We can see from the shorts that 9.01 Million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $10.5, which translates to bears needing to increase their stock price by 172.73% from its current value. Analyst projections state that MARK is forecast to be at a low of $10.5 and a high of $10.5. In order for the stock price to hit the forecast high, the stock would need to surge +172.73% from its current level, while the stock would need to crash 172.73% from its current level to reach the projected low.
Remark Holdings, Inc. (MARK) projections and forecasts
Remark Holdings, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +220.83 percent over the past six months and at a 76.92% annual growth rate that is well above the industry average of 2.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +85% in revenue this quarter, and will report an increase of 20% in the next quarter. The year-over-year growth rate is expected to be 94.8%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $4.41 Million in revenue for the current quarter. 1 analysts expect Remark Holdings, Inc. to make $5.1 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $260Million and $320Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1596.2%. Forecasts for the next quarter put sales growth at 1493.7%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.5%. Remark Holdings, Inc. earnings are expected to decrease by -8.9% in 2021, but the outlook is negative 0% per year for the next five years.
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Remark Holdings, Inc. (NASDAQ:MARK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 8.62% of Remark Holdings, Inc. shares, and 11.15% of them are in the hands of institutional investors. The stock currently has a share float of 12.2%. Remark Holdings, Inc. stock is held by 60 institutions, with Cutter & Co. Brokerage, Inc. being the largest institutional investor. By Dec 30, 2020, it held 2.49% of the shares, which is about 2.48 Million shares worth $4.72 Million.
Vanguard Group, Inc. (The), with 1.81% or 1.8 Million shares worth $2.11 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.