Remark Holdings Inc. [MARK] moved down -1.46: Why It’s Important

Remark Holdings Inc. [NASDAQ: MARK] loss -1.46% or -0.02 points to close at $1.35 with a heavy trading volume of 3669424 shares. The company report on August 14, 2020 that Remark Holdings Reports Second Quarter 2020 Results.

Company’s New Thermal Imaging Business Records $1.1 Million in Revenue.

Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, today announced financial results for its fiscal second quarter ended June 30, 2020.

It opened the trading session at $1.34, the shares rose to $1.40 and dropped to $1.31, the range by which the price of stock traded the whole day. The daily chart for MARK points out that the company has recorded 112.77% gains over the past six months. However, it is still -440.0% lower than its most recent low trading price.

If we look at the average trading volume of 19.02M shares, MARK reached to a volume of 3669424 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Remark Holdings Inc. [MARK]:

ROTH Capital have made an estimate for Remark Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 31, 2018. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 13, 2016, representing the official price target for Remark Holdings Inc. stock. Previously, the target price had yet another raise to $11, while Maxim Group analysts kept a Buy rating on MARK stock.

The Average True Range (ATR) for Remark Holdings Inc. is set at 0.19, with the Price to Sales ratio for MARK stock in the period of the last 12 months amounting to 37.33.

Trading performance analysis for MARK stock

Remark Holdings Inc. [MARK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.03. With this latest performance, MARK shares dropped by -6.25% in over the last four-week period, additionally plugging by 112.77% over the last 6 months – not to mention a rise of 107.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MARK stock in for the last two-week period is set at 37.07, with the RSI for the last a single of trading hit 34.18, and the three-weeks RSI is set at 41.81 for Remark Holdings Inc. [MARK]. The present Moving Average for the last 50 days of trading for this stock 1.8904, while it was recorded at 1.5880 for the last single week of trading, and 1.0477 for the last 200 days.

Remark Holdings Inc. [MARK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Remark Holdings Inc. [MARK] shares currently have an operating margin of -403.03 and a Gross Margin at +10.44. Remark Holdings Inc.’s Net Margin is presently recorded at -458.25.

Reflecting on the efficiency of the workforce at the company, Remark Holdings Inc. [MARK] managed to generate an average of -$287,550 per employee. Receivables Turnover for the company is 0.58 with a Total Asset Turnover recorded at a value of 0.09.Remark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.20.

Remark Holdings Inc. [MARK]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Remark Holdings Inc. posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MARK.

An analysis of insider ownership at Remark Holdings Inc. [MARK]

There are presently around $12 million, or 7.20% of MARK stock, in the hands of institutional investors. The top three institutional holders of MARK stocks are: VANGUARD GROUP INC with ownership of 1,733,300, which is approximately 73.297% of the company’s market cap and around 26.23% of the total institutional ownership; SECURITY BENEFIT LIFE INSURANCE CO /KS/, holding 1,509,055 shares of the stock with an approximate value of $2.04 million in MARK stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $1.6 million in MARK stock with ownership of nearly 7144.045% of the company’s market capitalization.

Positions in Remark Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 47 institutional holders increased their position in Remark Holdings Inc. [NASDAQ:MARK] by around 5,756,655 shares. Additionally, 7 investors decreased positions by around 3,002,740 shares, while 7 investors held positions by with 77,357 shares. The mentioned changes placed institutional holdings at 8,836,752 shares, according to the latest SEC report filing. MARK stock had 34 new institutional investments in for a total of 3,321,525 shares, while 4 institutional investors sold positions of 2,310,411 shares during the same period.

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