Remark Holdings Inc. [MARK] is -50.02% lower this YTD. Is it still time to buy?


Remark Holdings Inc. [NASDAQ: MARK] plunged by -$0.04 during the normal trading session on Wednesday and reaching a high of $1.01 during the day while it closed the day at $0.95. The company report on December 13, 2021 that Remark Holdings Partners with isMedia to Launch NFT Platform.

Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, today announced a deal to partner with isMedia to launch a non-fungible token (“NFT”) platform, with an initial drop anchored by the intellectual property collection of its subsidiary.

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NFT platform that works in conjunction with Remark AI’s technology.

Remark Holdings Inc. stock has also loss -11.25% of its value over the past 7 days. However, MARK stock has declined by -10.42% in the 3 months of the year. Over the past six months meanwhile, it has lost -48.95% and lost -50.02% year-on date.

The market cap for MARK stock reached $98.88 million, with 100.14 million shares outstanding and 93.92 million shares in the current float. Compared to the average trading volume of 18.81M shares, MARK reached a trading volume of 3045510 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 0.10, with the Price to Sales ratio for MARK stock in the period of the last 12 months amounting to 6.87. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 0.78.

MARK stock trade performance evaluation

Remark Holdings Inc. [MARK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.25. With this latest performance, MARK shares dropped by -24.03% in over the last four-week period, additionally sinking by -48.95% over the last 6 months – not to mention a drop of -49.22% 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 36.08, with the RSI for the last a single of trading hit 30.19, and the three-weeks RSI is set at 40.08 for Remark Holdings Inc. [MARK]. The present Moving Average for the last 50 days of trading for this stock 1.4057, while it was recorded at 1.0052 for the last single week of trading, and 1.5439 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 -132.80 and a Gross Margin at +33.66. Remark Holdings Inc.’s Net Margin is presently recorded at -134.89.

Reflecting on the efficiency of the workforce at the company, Remark Holdings Inc. [MARK] managed to generate an average of -$177,727 per employee. Receivables Turnover for the company is 1.89 with a Total Asset Turnover recorded at a value of 0.78.Remark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.80.

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Remark Holdings Inc. [MARK]: Insider Ownership positions

There are presently around $21 million, or 20.60% of MARK stock, in the hands of institutional investors. The top three institutional holders of MARK stocks are: ARMISTICE CAPITAL, LLC with ownership of 4,237,290, which is approximately New of the company’s market cap and around 11.26% of the total institutional ownership; VANGUARD GROUP INC, holding 4,051,831 shares of the stock with an approximate value of $4.0 million in MARK stocks shares; and CUTTER & CO BROKERAGE, INC., currently with $2.89 million in MARK stock with ownership of nearly 6.905% of the company’s market capitalization.

Positions in Remark Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 29 institutional holders increased their position in Remark Holdings Inc. [NASDAQ:MARK] by around 6,978,150 shares. Additionally, 23 investors decreased positions by around 3,781,259 shares, while 17 investors held positions by with 10,862,502 shares. The mentioned changes placed institutional holdings at 21,621,911 shares, according to the latest SEC report filing. MARK stock had 12 new institutional investments in for a total of 4,721,893 shares, while 8 institutional investors sold positions of 2,823,749 shares during the same period.