In the latest trading session, 1,670,593 Remark Holdings, Inc.(NASDAQ:MARK) shares changed hands as the company’s beta touched 3.32. With the company’s most recent per share price at $1.82 changed hands at -$0.08 or -0.04% at last look, the market valuation stands at $182.98 Million. MARK’s current price is a discount, trading about -95.6% off its 52-week high of $3.56. The share price had its 52-week low at $0.25, which suggests the recent value is86.26% up since then. When we look at Remark Holdings, Inc.’s average trading volume, we note the 10-day average is 3.24 Million shares, with the 3-month average coming to 4.48 Million.
Analysts gave the Remark Holdings, Inc. (MARK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 0. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended MARK as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Remark Holdings, Inc.’s EPS for the current quarter is expected to be -$0.03.
Although MARK has turned red as seen in intraday trades today. With action -4.21%, the performance over the past five days has been red. The jump to weekly highs of $2.13 on Monday, Dec 28 added 12.68% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.02%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, Remark Holdings, Inc. (NASDAQ:MARK) is 0.23% up. Looking at the short shares, we see there were 8.58 Million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.25, meaning bulls need an upside of 133.52% from its recent market value. According to analyst projections, MARK’s forecast low is $4.25 with $4.25 as the target high. To hit the forecast high, the stock’s price needs a +133.52% upsurge from its latest level, while the stock would need to tank 133.52% for it to hit the projected low.
Remark Holdings, Inc. (MARK) estimates and forecasts
Data shows that the Remark Holdings, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -19.49% over the past 6 months. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Remark Holdings, Inc. will rise +85%, while the growth in revenue is estimated to hit 20% for the next quarter. Year-over-year growth is forecast to reach 94.8% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $4.41 Million. 1 analysts are of the opinion that Remark Holdings, Inc.’s revenue for the quarter ending March 01, 2021 will be $5.1 Million. The company’s revenue for the corresponding quarters a year ago was $260Million and $320Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1596.2%. The estimates for the next quarter sales put growth at 1493.7%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.5%. The 2021 estimates are for Remark Holdings, Inc. earnings to decrease by -8.9%, but the outlook for the next 5-year period is at 0% per year.
Remark Holdings, Inc. (NASDAQ:MARK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.62% of Remark Holdings, Inc. shares while 11.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.2%. There are 60 institutions holding the Remark Holdings, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Sep 29, 2020, the company held 1.81% of the shares, roughly 1.8 Million MARK shares worth $2.11 Million.
Cutter & Co. Brokerage, Inc. holds the second largest percentage of outstanding shares, with 1.67% or 1.66 Million shares worth $1.95 Million as of Sep 29, 2020.
Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 1175227 shares estimated at $1.38 Million under it, the former controlled 1.18% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.5% of the shares, roughly 501.49 Thousand shares worth around $586.75 Thousand.
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