Remark Holdings Now Monitored by StockNews.com Analysts

As of Friday, coverage on shares of Remark Holdings (NASDAQ:MARK) began, with the analytical firm StockNews.com releasing a research note that categorized the company’s stock with a sell rating. This new coverage sheds light on the information service provider's market movements and financial performance.

Remark's Market Activity

The stock of Remark Holdings, which is traded under the ticker MARK on the NASDAQ, saw its shares open at $0.39 on Friday. The stock has been fluctuating, as evidenced by its 50-day moving average of $0.50 and 200-day moving average of $0.61. Within the past year, Remark's stock has hit a low of $0.36 and a high of $2.79.

The company's most recent disclosure of its quarterly earnings was on November 20th, showing a loss of $0.39 per earnings per share (EPS). Its quarterly revenue amounted to $0.18 million, reflecting the cumulative business activities for that period.

Insights into Institutional Engagement

Recent movements in holdings by large investors reveal shifts in stakes within Remark. Cutter & CO Brokerage Inc. increased its ownership significantly by 101.3% during the 3rd quarter, now possessing 1,269,647 shares valued at approximately $633,000. A new position was established by Virtu Financial LLC in the 2nd quarter, estimated at around $25,000. Vanguard Group Inc. raised its holdings by 7.8% in the 3rd quarter, reaching 3,302,333 shares with a value of $878,000. Moreover, State Street Corp augmented its share by 33.4% in the 1st quarter, currently owning 344,880 shares, valued at $282,000. Bank of America Corp DE also initiated a new stake in the 1st quarter, worth near $35,000. Institutional investors and hedge funds collectively hold 8.44% of Remark's stock.

About Remark Holdings

Remark Holdings, Inc sets its focus on the creation and implementation of AI-based solutions suitable for various business segments and software developers. Operating a platform endowed with both data and AI software capabilities, Remark provides AI-driven computer vision products, numerous computing devices, and software-as-a-service (SaaS) solutions. Furthermore, its Smart Safety Platform employs computer vision to identify people, objects, and activities in video feeds, additionally offering AI Thermal kits and rPad products and services.

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