Why should you add Remark Holdings Inc. (MARK) to your portfolio? – Marketing Sentinel

Why should you add Remark Holdings Inc. (MARK) to your portfolio?

Remark Holdings Inc. (NASDAQ:MARK) has a beta value of 2.89 and has seen 3,705,650 shares traded in the last trading session. The company, currently valued at $205.83 Million, closed the last trade at $2.06 per share which meant it lost -$0.27 on the day or -11.59% during that session. The MARK stock price is -129.13% off its 52-week high price of $4.72 and 83.01% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.14 Million shares traded. The 3-month trading volume is 4.66 Million shares.

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The consensus among analysts is that Remark Holdings Inc. (MARK) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.

Remark Holdings Inc. (NASDAQ:MARK) trade information

Despite being -11.59% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the MARK stock price touched $2.55-1 or saw a rise of 19.22%. Year-to-date, Remark Holdings Inc. shares have moved 8.42%, while the 5-day performance has seen it change -2.83%. Over the past 30 days, the shares of Remark Holdings Inc. (NASDAQ:MARK) have changed -13.81%. Short interest in the company has seen 5.09 Million shares shorted with days to cover at 1.09.

Wall Street analysts have a consensus price target for the stock at $10.5, which means that the shares’ value could jump 409.71% from current levels. The projected low price target is $10.5 while the price target rests at a high of $10.5. In that case, then, we find that the current price level is +409.71% off the targeted high while a plunge would see the stock lose 409.71% from current levels.

Remark Holdings Inc. (MARK) estimates and forecasts

Figures show that Remark Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +87.27% over the past 6 months, with this year growth rate of 31.25%, compared to 0.7% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 40% and 72.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +230.9%.

1 analysts offering their estimates for the company have set an average revenue estimate of $5.12 Million for the current quarter. 1 have an estimated revenue figure of $7.25 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $320Million and $1.31 Million respectively for this quarter and the next, and analysts expect sales will grow by 1500% for the current quarter and 453.4% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +40% over the past 5 years. Earnings growth for 2021 is a modest +69.1%.


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Remark Holdings Inc. (NASDAQ:MARK)’s Major holders

Insiders own 11.26% of the company shares, while shares held by institutions stand at 16.11% with a share float percentage of 18.15%. Investors are also buoyed by the number of investors in a company, with Remark Holdings Inc. having a total of 63 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 3.91 Million shares worth more than $7.44 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 3.92% of shares outstanding.

The other major institutional holder is Cutter & Co. Brokerage Inc., with the holding of over 2.48 Million shares as of December 30, 2020. The firm’s total holdings are worth over $4.72 Million and represent 2.48% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of December 30, 2020, the former fund manager holds about 2.41% shares in the company for having 2411178 shares of worth $4.58 Million while later fund manager owns 1.33 Million shares of worth $2.53 Million as of December 30, 2020, which makes it owner of about 1.33% of company’s outstanding stock.

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