Shares of Remark Holdings Inc (NASDAQ:MARK) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $4.00 for the company and are expecting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Remark an industry rank of 99 out of 255 based on the ratings given to its competitors.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Remark from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Roth Capital set a $5.00 price target on shares of Remark and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, ValuEngine downgraded shares of Remark from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.
A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Remark during the 2nd quarter valued at approximately $111,000. Paloma Partners Management Co bought a new position in shares of Remark during the 2nd quarter valued at approximately $112,000. Finally, Cutter & CO Brokerage Inc. bought a new position in shares of Remark during the 2nd quarter valued at approximately $250,000. 14.65% of the stock is owned by institutional investors.
Shares of MARK opened at $0.63 on Friday. The firm has a market cap of $29.03 million, a P/E ratio of -0.50 and a beta of 1.91. Remark has a 1 year low of $0.54 and a 1 year high of $3.23. The company has a 50 day simple moving average of $0.71 and a two-hundred day simple moving average of $0.88.
Remark (NASDAQ:MARK) last released its earnings results on Tuesday, November 12th. The information services provider reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $3.26 million. As a group, equities research analysts expect that Remark will post -0.48 EPS for the current year.
Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
Featured Story: Why are analyst ratings important in trading stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Remark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remark and related companies with MarketBeat.com's FREE daily email newsletter.