In last trading session, Remark Holdings Inc (NASDAQ:MARK) saw 0.35 million shares changing hands with its beta currently measuring 2.88. Company’s recent per share price level of $0.55 trading at -$0.05 or -9.00% at ring of the bell on the day assigns it a market valuation of $10.76M. That closing price of MARK’s stock is at a discount of -445.45% from its 52-week high price of $3.00 and is indicating a premium of 29.09% from its 52-week low price of $0.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 264.68K if we extend that period to 3-months.
For Remark Holdings Inc (MARK), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. 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.
Remark Holdings Inc (NASDAQ:MARK) trade information
Upright in the red during last session for losing -9.00%, in the last five days MARK remained trading in the red while hitting it’s week-highest on Thursday, 11/16/23 when the stock touched $0.55 price level, adding 11.29% to its value on the day. Remark Holdings Inc’s shares saw a change of -50.36% in year-to-date performance and have moved -1.14% in past 5-day. Remark Holdings Inc (NASDAQ:MARK) showed a performance of 13.75% in past 30-days. Number of shares sold short was 1.81 million shares which calculate 7.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $37.50 to the stock, which implies a rise of 98.53% to its current value. Analysts have been projecting $37.50 as a low price target for the stock while placing it at a high target of $37.50. It follows that stock’s current price would drop -6718.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6718.18% for stock’s current value.
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 34.98% during past 5 years.
Remark Holdings Inc is more likely to be releasing its next quarterly report between November 13 and November 17 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 8.55% of company’s total shares while institution are holding 9.24 percent of that, with stock having share float percentage of 10.10%. Investors also watch the number of corporate investors in a company very closely, which is 9.24% institutions for Remark Holdings Inc that are currently holding shares of the company. Cutter & Co. Brokerage, Inc. is the top institutional holder at MARK for having 0.63 million shares of worth $0.62 million. And as of Jun 29, 2023, it was holding 3.45% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 0.36 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 1.96% of outstanding shares, having a total worth of $0.35 million.
On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.31 million shares of worth $0.3 million or 1.70% of the total outstanding shares. The later fund manager was in possession of 51805.0 shares on May 30, 2023, making its stake of worth around $62684.0 in the company or a holder of 0.28% of company’s stock.