Remark Holdings Inc. [NASDAQ: MARK] closed the trading session at $3.89 on 02/03/21. The day’s price range saw the stock hit a low of $3.30, while the highest price level was $4.00. The company report on February 3, 2021 that Remark Entertainment Chosen as the Exclusive Marketing Partner for SuperDraft, Inc.
Remark Entertainment, a division of Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, has been named the exclusive marketing partner for SuperDraft, Inc. (www.caesars.com/SuperDraft), the innovative online daily fantasy sports (“DFS”) platform founded by Steve Wang.
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Remark Entertainment stood out because of its ability to help build mainstream consumer brands through their expertise.
The stocks have a year to date performance of 104.74 percent and weekly performance of 21.18 percent. The stock has been moved at 137.20 percent over the last six months. The stock has performed 111.41 percent around the most recent 30 days and changed 274.04 percent over the most recent 3-months.
If compared to the average trading volume of 4.46M shares, MARK reached to a volume of 13507173 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 0.32, with the Price to Sales ratio for MARK stock in the period of the last 12 months amounting to 72.92.
MARK stock trade performance evaluation
Remark Holdings Inc. [MARK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.18. With this latest performance, MARK shares gained by 111.41% in over the last four-week period, additionally plugging by 137.20% over the last 6 months – not to mention a rise of 619.04% 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 83.99, with the RSI for the last a single of trading hit 86.80, and the three-weeks RSI is set at 81.47 for Remark Holdings Inc. [MARK]. The present Moving Average for the last 50 days of trading for this stock 2.02, while it was recorded at 3.32 for the last single week of trading, and 1.62 for the last 200 days.
Remark Holdings Inc. [MARK]: An insightful look at the core fundamentals
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 Quick Ratio of 0.60 and a Current Ratio set at 0.70.
Earnings per share (EPS) analysis for Remark Holdings Inc. [MARK] stock
With the latest financial reports released by the company, Remark Holdings Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -122.20%. 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.
Remark Holdings Inc. [MARK]: Insider Ownership positions
There are presently around $45 million, or 10.80% of MARK stock, in the hands of institutional investors. The top three institutional holders of MARK stocks are: CUTTER & CO BROKERAGE, INC. with ownership of 2,481,814, which is approximately 49.09% of the company’s market cap and around 8.62% of the total institutional ownership; VANGUARD GROUP INC, holding 1,800,519 shares of the stock with an approximate value of $7.0 million in MARK stocks shares; and SECURITY BENEFIT LIFE INSURANCE CO /KS/, currently with $5.87 million in MARK stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Remark Holdings Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 25 institutional holders increased their position in Remark Holdings Inc. [NASDAQ:MARK] by around 3,485,408 shares. Additionally, 23 investors decreased positions by around 1,599,623 shares, while 15 investors held positions by with 6,490,606 shares. The mentioned changes placed institutional holdings at 11,575,637 shares, according to the latest SEC report filing. MARK stock had 8 new institutional investments in for a total of 329,627 shares, while 15 institutional investors sold positions of 1,049,818 shares during the same period.