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Remark Holdings Inc. (NASDAQ:MARK) Drops -75.21% In 2022; Is It Affordable At $0.29?

In last trading session, Remark Holdings Inc. (NASDAQ:MARK) saw 1.06 million shares changing hands with its beta currently measuring 3.08. Company’s recent per share price level of $0.29 trading at -$0.03 or -8.54% at ring of the bell on the day assigns it a market valuation of $31.23M. That closing price of MARK’s stock is at a discount of -2210.34% from its 52-week high price of $6.70 and is indicating a discount of -6.9% from its 52-week low price of $0.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.83 million shares which gives us an average trading volume of 1.65 million if we extend that period to 3-months.

For Remark Holdings Inc. (MARK), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Remark Holdings Inc. (NASDAQ:MARK) trade information

Upright in the red during last session for losing -8.54%, in the last five days MARK remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $0.29 price level, adding 16.14% to its value on the day. Remark Holdings Inc.’s shares saw a change of -70.50% in year-to-date performance and have moved -15.34% in past 5-day. Remark Holdings Inc. (NASDAQ:MARK) showed a performance of -28.03% in past 30-days. Number of shares sold short was 12.83 million shares which calculate 4.99 days to cover the short interests.

Remark Holdings Inc. (MARK) estimates and forecasts

This year revenue growth is estimated to rise 57.60% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.27 million for the same. And 1 analysts are in estimates of company making revenue of $6.33 million in the next quarter that will end on Dec 2021. Company posted $2.65 million and $4.77 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 174.80% while estimating it to be 32.80% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.80% during past 5 years.

MARK Dividends

Remark Holdings Inc. is more likely to be releasing its next quarterly report between March 29 and April 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 11.34% of company’s total shares while institution are holding 13.58 percent of that, with stock having share float percentage of 15.31%. Investors also watch the number of corporate investors in a company very closely, which is 13.58% institutions for Remark Holdings Inc. that are currently holding shares of the company. Armistice Capital, LLC is the top institutional holder at MARK for having 4.24 million shares of worth $3.47 million. And as of Mar 30, 2022, it was holding 4.03% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 2.71 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 2.58% of outstanding shares, having a total worth of $2.22 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 1.32 million shares of worth $1.08 million or 1.26% of the total outstanding shares. The later fund manager was in possession of 1.19 million shares on Mar 30, 2022, making its stake of worth around $0.98 million in the company or a holder of 1.13% of company’s stock.

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