Remark Holdings Receives 'Sell' Rating from StockNews.com

On a recent Wednesday, investment analysis firm StockNews.com initiated coverage on Remark Holdings, Inc. (NASDAQ:MARK), an information services provider with a focus on artificial intelligence. In their report, the analysts have assigned a 'sell' rating to the company's stock, signaling a bearish outlook.

Current Stock Valuation

The price of Remark shares opened at $0.49 on the day of the announcement. Currently, the company's 50-day moving average sits at $0.50, with a 200-day moving average of $0.66. These figures underscore the volatility and downward trend that the stock has faced, touching a one-year low of $0.39 and a peak of $2.79.

Financial Performance Update

Remark Holdings last released its earnings on November 20th, indicating a quarterly earnings per share (EPS) deficit of $0.39. The company's revenue during that quarter was reported to be $0.18 million.

Changes in Institutional Investment

There have been notable shifts in institutional investments in Remark as various funds have adjusted their holdings. UBS Group AG, for instance, increased its stake by 292.8%, now owning 29,460 shares valued at approximately $25,000. Similarly, Virtu Financial LLC and Bank of America Corp DE have established new positions worth around $25,000 and $35,000 respectively. Vanguard Group Inc. augmented its share by 36.7%, reaching a total of 489,154 shares worth about $244,000. State Street Corp also boosted its holdings by 33.4%, resulting in 344,880 shares valued at $282,000. Overall, institutional investors and hedge funds own 8.44% of Remark's stock.

Company Overview

Remark Holdings is primarily involved in developing and deploying AI-based solutions for businesses and software developers. The company operates a data and AI software platform providing AI-driven computer vision products, computing devices, and SaaS solutions, alongside their Smart Safety Platform that utilizes computer vision for video feed analysis and includes products such as the Remark AI Thermal kits and rPad services.

Remark, StockNews, NASDAQ