The stocks of MARK have been upgraded by analysts working at Zacks Investment Research from a rating of hold to a rating of buy in a Wednesday report. According to the official notice, the price objective set by the brokerage firm on the company’s stock is $2, which is indicative of a positive annual growth rate of about 7.53%.
ValuEngine has, on the other hand, decreased the shares of MARK from a rating of buy to a rating of hold in a 1st December research report.
The Quarterly Earnings of MARK
The stocks of MARK traded at $1.86 last Wednesday. The moving average of the firm over 50-days is $1.59, while the moving average of the firm over 200-days is $1.46. The year low of the firm is $0.25, while the year high has been set at $3.56. The market cap of the firm is $185.07 million, with a PE ratio of about -3.58, and a beta of 3.29.
MARK had previously reported their earnings results on the 22nd of November. The provider of information services had an EPS of $0.04 which was added onto the consensus estimate by Zacks of about $0.04. The revenue earned by the business over this quarter was $2.65 million, which has been pitted against the consensus estimate of about $2.82 million.
There have been quite a few hedge funds that have increased their positions in the stocks of the company. Squarepoint Ops LLC has already increased the position on the stocks by 331% in the previous quarter. This company now has ownership of over 57,324 shares in the provider’s stock which has been valued at $67000.
Remark Holdings Inc is a company that is extremely technical- as it deploys and develops AI products. MARK is also in the business of providing AI solutions for several businesses throughout the world.