Zacks: Remark Holdings Inc (NASDAQ:MARK) Receives Average Recommendation of “Strong Buy” from Brokerages

Remark Holdings Inc (NASDAQ:MARK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective 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 given Remark an industry rank of 102 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently commented on MARK shares. Roth Capital set a $5.00 price target on shares of Remark and gave the company a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research cut shares of Remark from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, ValuEngine downgraded shares of Remark from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

Shares of Remark stock traded up $0.01 during trading on Friday, hitting $0.59. 416,209 shares of the stock traded hands, compared to its average volume of 300,147. The stock’s fifty day simple moving average is $0.69 and its 200 day simple moving average is $0.87. The firm has a market cap of $25.37 million, a P/E ratio of -0.47 and a beta of 1.91. Remark has a 52-week low of $0.54 and a 52-week high of $3.23.

Remark (NASDAQ:MARK) last released its quarterly earnings data on Tuesday, November 12th. The information services provider reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The business had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $3.26 million. On average, equities research analysts anticipate that Remark will post -0.48 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Remark in the 2nd quarter valued at $111,000. Paloma Partners Management Co purchased a new position in shares of Remark during the second quarter worth $112,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in Remark during the second quarter valued at $250,000. Institutional investors and hedge funds own 14.65% of the company’s stock.

About Remark

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.

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