Stock News Summary: Remark Holdings (NASDAQ:MARK)

Remark Holdings (NASDAQ:MARK) stock observed trading -81.81% off 52-week high price. On the other end, the stock has been noted 13.07% away from low price over the last 52-weeks. The stock disclosed a move of -9.56% away from 50 day moving average and -48.33% away from 200 day moving average. Moving closer, we can see that shares have been trading -8.24% off 20-day moving average. It has market cap of $36.89M.

On Aug. 8, 2019, Remark Holdings (NASDAQ: MARK) a diversified global technology company with leading artificial intelligence (AI) solutions and digital media properties,declared its financial results for the second quarter ended June 30, 2019.

Management Commentary

During the second quarter, we continued to broaden our base of contracts and are currently installing our AI solutions in the real estate, pharmacy, and transportation sectors, while working with additional partners to expand upon our retail deployments, said Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. Our focus on our customer’s return on investment is resonating with them, leading to additional organic revenue opportunities, expanding upon their existing large footprints, Mr. Tao added.  At the same time we’re continuing to align our cost structure, as we pursue business in a disciplined manner and lay the path to profitable growth.

The USA based company Remark Holdings moved with change of -0.95% to $0.83 with the total traded volume of 149374 shares in recent session versus to an average volume of 297.66K. The stock was observed in the 5 days activity at -5.75%. The one month performance of stock was -1.27%. MARK’s shares are at -36.05% for the quarter and driving a -78.41% return over the course of the past year and is now at -31.30% since this point in 2018.  Right now the stock beta is 1.91. The average volatility for the week and month was at 10.82% and 12.06% respectively. There are 44.38M shares outstanding and 31.31M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *