The stock of Remark Holdings, Inc. (NASDAQ:MARK) hit a new 52-week high and has $14.05 target or 7.00 % above today’s $13.13 share price. The 9 months bullish chart indicates low risk for the $358.72 million company. The 1-year high was reported on Jan, 8 by Barchart.com. If the $14.05 price target is reached, the company will be worth $25.11 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
The stock increased 12.40% or $1.45 during the last trading session, reaching $13.13. About 1.85 million shares traded or 9.57% up from the average. Remark Holdings, Inc. (NASDAQ:MARK) has declined 33.48% since January 8, 2017 and is downtrending. It has underperformed by 50.18% the S&P500.
Analysts await Remark Holdings, Inc. (NASDAQ:MARK) to report earnings on March, 29. They expect $-0.25 EPS, up 37.50 % or $0.15 from last year’s $-0.4 per share. After $-0.41 actual EPS reported by Remark Holdings, Inc. for the previous quarter, Wall Street now forecasts -39.02 % EPS growth.
More notable recent Remark Holdings, Inc. (NASDAQ:MARK) news were published by: Prnewswire.com which released: “Remark Holdings Partnering with China ShenHua Energy Company” on December 13, 2017, also Usmarketsdaily.com with their article: “Remark Holdings, Inc (NASDAQ:MARK) Unveils New Contracts Together With A …” published on January 08, 2018, Prnewswire.com published: “Remark Holdings Announces New Agreement for its KanKan FinTech Product” on December 19, 2017. More interesting news about Remark Holdings, Inc. (NASDAQ:MARK) were released by: Prnewswire.com and their article: “Remark Holdings Announces $10 Million Investment from Charoen Pokphand (CP …” published on December 18, 2017 as well as Prnewswire.com‘s news article titled: “Remark Holdings Announces New FinTech Product and New Contracts” with publication date: January 04, 2018.
Remark Holdings, Inc. owns, operates, and acquires digital media properties across multiple verticals that deliver content worldwide. The company has market cap of $358.72 million. The firm leverages its digital media assets to target the Millennial demographic, which provides it with access to markets. It currently has negative earnings. It operates KanKan, a social media application and data intelligence platform, which aggregates content and consumer-shopping data across social media platforms; Vegas.com that offers users the ability to book lodging, air travel, show tickets, and tours; and Roomlia, a mobile hotel-booking application.