N/A Remark Holdings Inc. [MARK] Stock Before Shares Hit Major Turbulence

Remark Holdings Inc. [MARK] stock is down -3.45 while the S&P 500 has risen 0.01% on Tuesday, 12/01/20. While at the time of this article, MARK ATR is sitting at 0.15, with the beta value at 3.11. This stock’s volatility for the past week remained at 13.75%, while it was 9.72% for the past 30-day period. MARK has fallen -$0.05 from the previous closing price of $1.45 on volume of 1.37 million shares.

On 23, November 2020, Remark Holdings Announces Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, Revenue Climbs 285% to $2.6 Million.

Analyst Birdseye View:

The most recent analyst activity for Remark Holdings Inc. [NASDAQ:MARK] stock was on October 13, 2016, when it was Initiated with a Buy rating from ROTH Capital, which also raised its 12-month price target on the stock to $8.50. Before that, on January 31, 2018, ROTH Capital Recapitulated a Buy rating and elevated its amount target to $20.50. On July 01, 2015, Maxim Group Initiated a Buy rating and boosted its price target on this stock to $11.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.25 and a peak of $3.56. Right now, according to Wall Street analyst the average 12-month amount target is $4.25. At the most recent market close, shares of Remark Holdings Inc. [NASDAQ:MARK] were valued at $1.40.

FUNDAMENTAL ANALYSIS

Remark Holdings Inc. [NASDAQ:MARK] most recently reported quarterly sales of 2.65 billion, which represented growth of 271.40%. This publicly-traded organization’s revenue is $62,750 per employee, while its income is -$287,550 per employee. This company’s Gross Margin is currently 56.20%, its Pretax Margin is -458.25, and its Net Margin is -458.25. Continuing to look at profitability, this corporation’s Return on Assets & Whole Principal is sitting at -42.35 and -236.12 respectively.

It shows enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.3633 points at 1st support level, the second support level is making up to 1.2767. But as of 1st resistance point, this stock is sitting at 1.5933 and at 1.7367 for 2nd resistance point.

Remark Holdings Inc. [MARK] reported its earnings at $0.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.04/share signifying the difference of 0.08 and 200.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.11 calling estimates for -$0.05/share with the difference of -0.06 depicting the surprise of -120.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Remark Holdings Inc. [NASDAQ:MARK] is 0.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.01. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.56.