Price Crosses Moving Average
|Bid||1.5900 x 900|
|Ask||1.6000 x 1100|
|Day's Range||1.5500 - 1.6100|
|52 Week Range||0.2500 - 3.5600|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Is (MARK) Outperforming Other Computer and Technology Stocks This Year?
Shares of artificial intelligence and digital media specialist Remark Holdings (NASDAQ: MARK) are tumbling 25% in morning trading after a report of disastrous first-quarter earnings. The combined impact of these factors prevented Remark from rolling out new products while delaying testing and customization work on other projects. Remark Holdings stock has soared in 2020, rising from a literal penny stock to reach a high of around $3.50 in May. Those gains have since diminished, and today the shares are plunging.
Investors need to pay close attention to Remark Holdings (MARK) stock based on the movements in the options market lately.
Remark Holdings (NASDAQ:MARK), an artificial intelligence (AI) and digital media specialist has witnessed a 162% jump in MARK stock year-to-date.Source: Shutterstock The company is in the news for its touch-free equipment, which could help in the detection of coronavirus and limit infection rates. The equipment uses thermal cameras to scan facial temperatures without the need for close contact effectively. Additionally, the company's stake in the potential IPO of an innovative digital health platform in Sharecare has investors buzzing about MARK stock.However, the Remark's growth is not without its fair share of risks. A lot of the risk pertains to the regulatory environment, especially in countries such as China, which severely impacted revenues.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S.-China trade war is another area of concern that is affecting the mobility of capital between the two countries. Additionally, its profitability is a significant concern for the company with its operating margins in the negative for the past decade. * 7 Utility Stocks to Buy Keeping Lights On And Dividends Flowing However, strong demand for AI, effective cost control, and immense future potential make MARK stock a buy. Let's look into some of these aspects in more detail. A Closer Look at MARK StockThere's a lot to cheer about of late if you own shares in Remark. It recently introduced touch-free equipment that utilizes thermal imaging cameras to detect coronavirus and in limiting infection rates. Through integration with AI capabilities, it can perform automated scans almost ten times faster than manual systems.CEO Kai-Shing Tao is delighted by the progress of Remark 's solutions as part of the reopening of the US economy. This is encouraging, but regulatory risks of using such devices on a large scale need to be considered as well.Furthermore, the company's stake in Sharecare is also being touted as another feather in its cap. Sharecare is a digital health company that enables its user to manage their personalized health profiles, which can easily be connected to healthcare professionals and evidence-based programs.The company has a 4.5% stake in Sharecare in a "hot" IPO with television personalities such as Dr. Oz and Oprah Winfrey as investors. Financial HighlightsRemark recently reported its financial results for the year ended December 31, 2019. Overall the results were lackluster, primarily because of the crackdown on Fintech by the Chinese authorities.Revenue for fiscal 2019 was $5.0 million, which is down roughly 51% compared to 2018. This naturally increased the net loss from continuing operations by $3.4 million for the year.However, on a positive note, the company was able to reduce its total costs and expenses from $54.6 million to $27.8 million in 2019. The reduction is mainly attributable to a $12.4 million decrease in stock-based compensation expense and reduced cost of sales attributable to the Fintech sector.Its liquidity position is far from ideal at this point. The cash balance has declined further from an already meager $1.4 million to $0.3 million in 2019. Naturally, its current ratio has declined by 58% in the year.Remark paid off MGG approximately $12.7 million, which is weighed in on its financial flexibility. Going forward, the company must pull up its socks to improve the pristineness of its balance sheet. Revenue Repositioning and FutureThe intense scrutiny on Fintech by the Chinese authorities and its crippling impact on Remark's Fintech revenues has shifted the focus of its efforts on its AI capabilities. The company has won several contracts, a lot of which are in China, which involve the development of Smart retail stores, pharmacy terminal systems, AI biosafety system for African swine flu, and others.One of the core benefits of AI is that it's a software-based product carrying higher gross margins due to the replicability of software. The company is witnessing strong demand for its AI products, some of which are being seen as critical components.For example, its AI-enabled thermal cameras are being used in the United Medical Center for screening patients and in casino businesses such as those operated by Wynn Resorts (NASDAQ:WYNN).Marketing and selling costs are also limited to AI which is only going to expand margins. This is already apparent in the company's gross margin for 2019, which is at 30% improving from -30% in the previous year. Going forward, its AI solutions will be at the heart of its revenue model. Final Word on MARK stockRemark is leveraging its AI competencies to develop solutions that can potentially prove to be game-changers for the company. The company is positioning its efforts towards AI-related technologies after seeing the erosion of its Fintech revenues from China. However, consolidated efforts in that area could help get things back up and running on the Fintech side as well.At the same time, the tensions between the U.S. and China could complicate the regulatory environment and impact the company's products. In protecting itself from the regulatory action from Chinese authorities, the company is performing General Data Protection Regulation (GDPR) audits on its AI solutions.As of this writing, Muslim Farooque did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Remark Stock Keeps Looking Less and Less Speculative Every Day appeared first on InvestorPlace.
Remark Holdings (NASDAQ:MARK) stock has had an up-and-down history. The shares shot up from $2 to $8 in 2014. And they spiked from $3 to $12 in 2018 before sinking back again. By early this year, the stock was trading for less than 50 cents. The company was nearly out of cash, and its options seemed limited.Source: Shutterstock Then the novel coronavirus hit and rejuvenated the company. Remark is currently focusing on cameras powered by artificial intelligence. The company has developed cameras that allow large public venues, such as casinos and stadiums, to perform thermal temperature readings of people, helping to reduce the risk of virus infections. Traders have gravitated to the story, with the company's stock surging as much as tenfold in recent weeks. A Remarkable TransitionRemark has been in several different businesses in recent years. At one point, it owned major domain names such as Vegas.com which it used to sell tickets and other related products. A few years ago, it focused more on its investment in KanKan, a Chinese artificial-intelligence platform. For awhile, KanKan appeared to be successfully using AI to improve processes such as credit checks. But it ultimately fizzled out following a crackdown by the Chinese government on financial technology.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow Remark is focusing on its enhanced digital -thermal cameras. That was a logical decision, and it's particularly compelling in light of the coronavirus. Even though the acute phase of the virus has likely passed, Covid-19 is not going away overnight.As a consequence, preventative measures will be needed to bring back normalcy. And products such as Remark's thermal technology could be a key means of making large concerts, conferences, and cruises possible again. So there could be a huge market for the cameras. * 7 Housing Stocks That Are Worth Your Money A Limited Balance Sheet and a Potential IPOAt the end of 2019, Remark had just $272,000 of cash, and it had tens of millions of dollars of liabilities. As a result, its stock price plunged deep into penny-stock territory, as investors feared that it would soon become insolvent.After the move to smart cameras, Remark's financial position has improved. That's because it can now access the capital markets on reasonable terms again. Still, its balance sheet is a major concern, as it will take significant funds to get its AI-camera business rolling.That said, most companies trading around $2 per share have some financial problems. Unlike many penny stocks, however, Remark potentially has an ace up its sleeve. Its ace comes in the form of its 4.5% ownership in Sharecare. Sharecare is a health and wellness platform. It's racked up multiple celebrity backers, including Oprah Winfrey and Dr. Oz.Reportedly, Sharecare may try to launch an initial public offering in the near future. That, in turn, might allow Remark to monetize a significant chunk of its holding and free up much-needed cash that it can use to back its other lines of business. The company's stake in Sharecare could be worth tens of millions of dollars. Remark's Uneven Operating HistoryRemark has a spotty track record. It has tried to commercialize a number of different technologies and lines of business. As a result, it has generated significant revenues in recent years, but it has not had meaningful operating profits.Arguably the company's peak was in 2017, when it produced revenue of more than $70 million. That's a hefty sum for a company of Remark's size. Unfortunately, it lost more than $20 million that year. Subsequently, it sharply curtailed its operations; Remark only brought in $5 million of revenues last year.So the latest pivot to cameras could be positive. But make no mistake, Remark has had its fair share of struggles in the past. Investors should factor that in, as it indicates that MARK stock poses a high degree of risk. Its management will have to do many things right to go from having a cool product to producing strong, recurring profits. My Verdict on MARK StockGiven Remark's warning signs, I personally wouldn't invest in Remark. That said, it has some compelling features. But investors should treat it as a highly speculative holding that could easily go bust.The company's finances, in particular, leave a lot to be desired. Any monetization of its Sharecare stake would also be a gigantic win for the company.the other hand, it's unfortunate that Remark's key assets are in China. That's a huge sticking point, given the current state of geopolitics. When even gigantic Chinese firms like Huawei have trouble getting their products to market, it's likely that the U.S. won't look fondly on surveillance or monitoring products that are made in China.But Remark has a lot more going for it than most of the other Covid-19 stocks that are popular with traders. It has generated significant revenues in the past, and its stake in Sharecare could be quite valuable.Consequently, Remark should have more longevity than many of the other virus stocks. Still, be careful with it because a lot could go wrong for it. MARK stock is an interesting investment, but it carries a ton of risk.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he held no positions in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Remark Stock Is a High-Risk, High-Reward Facial Recognition Play appeared first on InvestorPlace.
The novel coronavirus has left markets reeling and uncertain, with jobless claims in the tens of millions in the U.S. and a second wave of infections on its way. Given all this turmoil, investors may be reasonably shy about a hot new initial public offering (IPO). But the "multi-dimensional" Remark Holdings (NASDAQ:MARK) stock may be well worth considering precisely because the pandemic has caused such disruption.Source: Shutterstock Remark offers products that will help in the crisis and the company owns a stake in Sharecare, the medical startup co-founded by celebrity doctor Mehmet Oz and backed by Oprah Winfrey and Sony (NYSE:SNE).Zacks has given Remark, based in Las Vegas, a "strong-buy" recommendation. Remark's stock is set to open lower, giving smaller investors the opportunity to benefit from an IPO, which could be announced in the next few months, according to John Gilliam at Seeking Alpha.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are some reasons for caution, but in all, MARK looks like a very strong opportunity given the incredibly useful technology it produces. MARK Stock: Remark Scanning and Imaging Products for CompaniesRemark's innovative products include thermal imaging and scanning solutions that are already in use in Nevada. This artificial intelligence-driven tech can "scan high traffic areas to detect individuals with higher than acceptable skin temperature," the Wall Street Journal reports. * 10 Robotics Stocks on the Technological Cutting Edge Remark claims its products can be used with minimal training and scans for thermal irregularities in crowds faster than competing products by finding the "most accurate part on the face to take the temperature." The feature enables one employee to quickly check a large number of customers or workers.Moreover, the scanning device can detect compliance with PPE and social distancing rules and check clearances for certain work areas, possibly eliminating some individual security measures and reducing person-to-person contact.These devices have already seen "very strong demand," according to Remark CEO Kai-Shing Tao, who reports that the firm is "closing on average one or two a week" with companies anticipating full reopening in the coming weeks and months. Remark Products for RetailIn addition to its highly in-demand and much-needed solutions for the coronavirus, Remark has made a deal with China Mobile (NYSE:CHL) to provide all of its 17,800 stores with AI technology enabling "facial-ID, traffic counting, and smart queue management."This data will allow the company to streamline and optimize traffic flow in its stores by giving customers information about the nearest stores and number of customers in each one, and it allows them to get in line for a customer service agent before they arrive, via an online ticketing system.Such technology can significantly improve customer service, making for happier customers and a more successful brand. Additionally, by reducing foot traffic, these solutions can slow the spread of coronavirus and help companies operate smoothly with reduced physical capacity in stores. Some Reservations, But Remark Is Worth a LookRemark's health technology is entering a crowded field, with several companies producing similar products. While the company seems to have an advantage, having already put its devices successfully to use in its home market, some investors may wish to wait and see how Remark's solutions perform against competitors.Additionally, InvestorPlace notes, the company's CEO "appears to have no prior executive experience at a major technology company." Tao's previous positions were as chairman and CEO of Pacific Star Capital Management, founded in 2003, and as a partner at FALA Capital Group, a "single-family investment office." The Remark website lists no other company executives.Serving on the Remark board, however, are some high-profile names, including Theodore Botts, former executive at UBS (NYSE:UBS) and Goldman Sachs (NYSE:GS) and Dr. Elizabeth Xu, former CTO of BMO Software. Remark's celebrity endorsements and timely products may well give investors confidence, and overall, it seems like Remark Holdings stock may be a risk worth taking.As of this writing, Jody Bennett did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Remark Has the Tech to Combat Covid-19, But Is It a Buy? appeared first on InvestorPlace.
Remark Holdings Inc (NASDAQ: MARK) shares are trading higher on Tuesday.The company tweeted images commenting the Federal Communications Commission has approved Remark AI its contactless temperature scanners.> $MARK RemarkAI FCC approved and soon to be GDPR compliant pic.twitter.com/zYfggUR3aP> > -- Remark Holdings (@RemarkHoldings) June 16, 2020Remark Holdings delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a range of applications within the retail, financial, public safety, and workplace arenas.The company also owns and operates digital media properties that deliver relevant content and e-commerce solutions.Remark shares were trading up 19.37% at $2.65 at time of publication on Tuesday. The stock has a 52-week high of $3.56 and a 52-week low of 25 cents.See more from Benzinga * Why Zscaler's Stock Is Trading Lower Today * Why Cars.com's Stock Is Trading Higher Today * Why Monopar's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Thermal imaging stocks have gotten a lot of attention in 2020 due to the product's potential role in detecting people who may be infected with COVID-19. These devices are playing a role in allowing companies to safely reopen businesses as the economy recovers, but thermal imaging also has a wide range of other applications that could generate some big long-term gains for investors.Amazon.com, Inc (NASDAQ: AMZN) is already using thermal imaging devices in its warehouses and Whole Foods stores. General Motors Company (NYSE: GM) and Wynn Resorts, Limited (NASDAQ: WYNN) have also said they will be using the cameras.In addition to identifying people who may be sick, thermal cameras can be used for safety and maintenance at both a business or a home.Thermal cameras can identify potential heating and cooling issues, problems with wiring, circuit boxes or other electrical systems and even potential issues with plumbing. The cameras can also be used for security or to monitor animal health.The Thermal Imaging StocksShares of companies exposed to the thermal imaging business have been extremely volatile in 2020.Thermal camera maker FLIR Systems, Inc. (NASDAQ: FLIR) has said use of its cameras can help "reduce or dramatically slow the spread of viruses and infections." The stock is up 25.5% in the past three months.Remark Holdings Inc (NASDAQ: MARK) has said its thermal imaging products can be used to "scan high traffic areas to detect individuals with higher than acceptable skin temperature." The stock is up 408.7% year-to-date.In April, Creative Realities Inc (NASDAQ: CREX) launched a new product, the Thermal Mirror, which the company describes as "an AI-integrated non-contact temperature inspection station." The stock has rallied 98% year-to-date.Identiv Inc (NASDAQ: INVE) shares rallied more than 15% after the company announced a patch for tracking body temperature that it says is the "most practical, scalable way" to reopen theme parks and stadiums. The stock is up 28% in the past month alone.Benzinga's TakeGiven the massive potential demand for these types of thermal imaging devices, there may ultimately be room for multiple winners in the space. Investors should monitor which methods and products become the standard approach to safety in coming weeks, given that there will likely be plenty of methods tested in the early days of the reopening.Do you agree with this take? Email email@example.com with your thoughts.Related Links:'Long Lines And Packed Flights': Casino Stocks Rise Following Vegas Reopening How Cameo, Facebook And Peloton Are Embracing Coronavirus DisruptionPhoto courtesy of Flir Systems.See more from Benzinga * Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy' * Large Facebook Option Traders Dumping Calls Following Difficult Week * Why Investors Shouldn't Ignore Thursday's Stock Market Plunge(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The stock market's epic gains over the past few weeks have created a great deal of uncertainty for investors. With the S&P 500 trading roughly 10% off of its February highs, bargains are becoming harder and harder to spot. That's strengthened the case for perceived long-term winners like Remark Holdings (NASDAQ:MARK) and Remark stock.Source: Shutterstock Remark stock has cooled down since the end of May, making it worth a look. Remark's decline isn't the only reason to look at the small-cap tech firm. The company has gained a lot of notoriety in recent months because of its AI-driven thermal screening devices. Its products have been touted as using some of the most advanced thermal screening technology. That will come in handy in a post-pandemic world. The Case for Remark StockIt's not hard to connect the dots between investors' enthusiasm for Remark and the firm's thermal screening capabilities. The novel coronavirus has rocked economies around the world and as they reopen without a vaccine, there are a lot of questions regarding how communities will keep the virus under control.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRemark's thermal-screening technology is exactly the kind of thing that will allow businesses to function even if the coronavirus is still a threat. That's because its AI-enhanced technology allows for quick, accurate scanning. That could be a game-changer for companies that deal with large groups, like airlines. * The 9 Best Cryptocurrencies to Watch for the Rest of 2020 As airlines around the world start to resume their schedules, they're adamant that social distancing on planes and in airports will be too challenging. Instead, they argue that stricter passenger checks are the best way to getting people back in the skies.There are several other examples of venues in which thermal screening could be a game-changer, including meat-packing plants where close quarters became a breeding ground for the virus and theme parks like Walt Disney's (NYSE:DIS) Disneyland, where crowd control is a huge factor in keeping guests safe. Other BetsBut Remark isn't just a bet on thermal technology; there are other reasons investors are rallying around it. One of the firm's biggest other draws is Sharecare, a virtual healthcare company that's rumored to be planning a Wall Street debut.Sharecare offers AI-enhanced healthcare through an app and it's had a lot of attention from big names like Oprah Winfrey and Dr. Oz. Celebrity endorsements aren't the end-all-and-be-all when it comes to IPOs, but they certainly don't hurt.Plus, virtual healthcare is another tech sector that's about to explode in the wake of the pandemic. The coronavirus has likely changed the way that businesses operate forever. Just as temperature checks could become the norm at airports, virtual healthcare could be the next frontier in medicine.Teledoc Health (NYSE:TDOC) offers a powerful example of how growing interest in virtual healthcare was accelerated by the pandemic. The company said that the number of virtual visits it facilitated at the start of April was more than 100% higher than in March. Demand for virtual healthcare will likely continue to be strong going forward.Virtual healthcare offers a cheaper alternative to visiting healthcare professionals, an important factor as we head into a Presidential campaign in which healthcare costs will once again be a hot-button issue. Plus, the pandemic forced people to use remote healthcare services. Remark's RisksSo, there's no question that Remark has its hands in several potentially lucrative pots. But that doesn't mean that it will be smooth sailing for the owners of Remark stock. First, and most importantly, Remark's small-cap status and lack of proven success makes it a relatively speculative play. It's not the same as betting on Alphabet (NASDAQ: GOOGL, NASDAQ:GOOG), for example. Then there's the fact that Sharecare is only rumored to be planning an IPO. Buying Remark's shares in order to have a piece of a potentially hot IPO is an extremely speculative bet. The Bottom Line on RemarkThe market's epic rally has created a lot of uncertainty going forward. With the summer earning season kicking off in mid-July, we could be in for a correction in the months ahead if earnings don't live up to expectations. With that in mind, investors should be cautious about the quality of the stocks they have in their portfolios. Remark doesn't provide the same confidence that a blue-chip would, but it is a long-term play on two growing trends. That means its shares are worth holding onto even amid the market's turmoil. For long-term investors who are willing to take on a bit of risk, adding Remark shares to a well-balanced portfolio looks like a good play.Laura Hoy has a finance degree from Duquesne University and has been writing about financial markets for the past eight years. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. As of this writing, she did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Remark Stock Is a Pandemic-Proof Bet appeared first on InvestorPlace.
Remark Holdings (MARK) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors need to pay close attention to Remark Holdings (MARK) stock based on the movements in the options market lately.
Moody's Investors Service, ("Moody's") downgraded Al Rayan Bank PLC's (ARB) long-term deposit ratings to A1 from Aa3, its long-term Counterparty Risk Assessment to Aa3(cr) from Aa2(cr), its long-term Counterparty Risk Ratings (CRRs) to Aa3 from Aa2 and its Adjusted Baseline Credit Assessment (BCA) to baa2 from a2. A full list of affected ratings is at the end of this press release.
* Saudi sees biggest decline in 9 months * All Saudi Arabian banks fall but one * FAB touches its lowest since May * Heliopolis plunges on no buyout offer By Ateeq Shariff Feb 24 (Reuters) - Stock markets in the Middle East suffered sharp losses on Monday, with Saudi shares falling the most, as the rapid spread of coronavirus cases outside China darkened the outlook for world growth. Saudi Arabia's benchmark index declined 3%, its biggest fall since May 13 last year when two of its oil tankers were attacked off the coast of the United Arab Emirates. Al Rajhi Bank slid 3.7% and petrochemical maker Saudi Basic Industries dived 4%.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Al Rayan Bank PLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Remark Holdings (MARK) delivered earnings and revenue surprises of 0.00% and -78.96%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Remark Holdings (MARK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Masraf Al Rayan (Q.P.S.C.) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.