Remark Holdings, Inc. (NASDAQ:MARK) traded at $2.155 at last check on Monday, June 29, making a downturn move of -2.25% on its previous day’s price.
Looking at the stock we see that its previous close was $2.22 and the beta (5Y monthly) reads 3.33 with the day’s price range being $2.1300 – 2.2200. In terms of its 52-week price range, MARK has a high of $3.56 and a low of $0.25. The company’s stock has gained about -25.25% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.31 Million, with a low of $1.31 Million and a high of $1.31 Million. The median projection represents growth adding up to -93.3% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $12.46 Million, or +148.2% up from figures reported last year.
On the other hand, looking at the outlook for the MARK stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Remark Holdings, Inc. (MARK) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MARK stock currently stands at 0, and the current price level is -11.77% off its SMA20 and 23.45% from its 50-day simple moving average. The RSI (14) is pointing at 49.82 while the volatility over the past week is 8.31% and jumps to 14.71% over the past one month. The beta value is 3.32, while the average true range (ATR) is currently pointing at 0.35. The average price target for the stock over the next 12 months is $4.25, with the estimates having a low of $4.25 and a high of $4.25. These price ends are 97.22% and +97.22% off the current price level respectively, although investors could be excited at the prospect of a +97.22% if the MARK share price touches on the median price of $4.25.
Let’s briefly compare Remark (MARK) stock to its peers. We find that today’s price change of -2.25% and +164.29% over the past 12 months for MARK competes that of Servicenow Inc (NOW), which has seen its stock price fall -1.99% in the latest trading session and is +43.61% over the last one year. Another of its peers Infosys Ltd (INFY) has dropped -0.37% today, but is -10.26% down over the past year, while Dell Technologies Inc (DELL) is also down -2.25% yet its price remains in the green at 164.29% over the same period. Servicenow has a P/E ratio of 117.6 compared to Remark’s 0 and Infosys’ 18.5. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to Remark Holdings, Inc. (NASDAQ:MARK), we note that the average 3-month trading volume was 34.74 Million, while that of the preceding 10-day period stands at 8.52 Million. Current shares outstanding are 99.38 Million.
According to data from Thomson Reuters, insiders hold 26.23% of the company’s shares while institutions hold 14.19%. The data shows that short shares as of June 14, 2020, stood at 14.43 Million at a short ratio of 0.4. This represents a 14.52% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 12.59 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +331.07% up in year-to-date price movement.