NVIDIA Joint Research News Drives Beamr (NASDAQ:BMR) to New 52-Week High

DENVER, Colo., Feb. 12, 2024 (www.247marketnews.com)- Beamr Imaging (NASDAQ:BMR) was today’s big trade, after announcing a joint research presentation, with NVIDIA Corporation, relating to automated video modernization at the ACM Mile-High-Video 2024 conference, in Denver.

“AOMedia Video 1 (AV1) is an efficient emerging video format, which is backed by tech giants like Amazon, Google and Microsoft, but it’s facing slow adoption due to the highly complex and costly processes of upgrading existing video libraries in growing markets like artificial intelligence (AI), machine learning, streaming and user-generated content.”

We covered BMR when it was trading at $3.57 and it hit a new 52-week high of $34.94, but dropped after a trading halt. It closed the day at $9.95, up $7.84 (+371.56%), on 149M shares traded and is now at $10.10, up $0.15 (+1.51%), in afterhours trading.

Its 52-week range is $0.91 to 34.94. BMR crushed its previous 52-week high, set in June.

BMR reported Total Cash (mrq) of $6.22M and may want to cash in on today’s trading volume, but we have no knowledge of such a move, but, as we often say, keep an eye on a potential offering.

Beamr CTO, Tamar Shoham, who will present the research at the conference, explained: “Until today, adopting the upgraded video standard was a complex transition for two reasons – one, the new standard requires significantly more compute power and therefore comes at a very high cost; and two, the new standard requires a steep learning curve as it is difficult to figure out how much added compression can be applied without sacrificing video quality, which results in a lot of uncertainty during the process,” said Tamar Shoham, Beamr CTO.

24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

The stocks and strategies discussed are simply ideas only and are in no way financial advice or recommendations. The author may or may not at any time be holding securities discussed. The author may or may not enter trades in the stocks mentioned. Some positions in mentioned stocks may already be held or are being adjusted or are simply examples, ideas or discussion topics. You are always trading at your own risk.

Few succeed in the stock market. Don’t trade if you’re not able to devote the necessary time. Earmark your surplus funds that you’re prepared to lose. Assess your risk appetite and set your stops accordingly, and honor your stop losses. Always employ loss limiting strategies. Be prepared to be blindsided by hidden risks, a bad company financing or other move can turn gains into losses.

Learn technical analysis, charting, patterns, and setups. Buying at the bottom and selling at the top is a myth. The middle half of a move is the sweet spot and learn how to exit a winning position, because trying to time the exact top can turn into big losses. Trade small and take advantage of small price move strategies, like scalping.

Remove emotional and psychological biases, and consider that you’re competing against professionals who’re deploying a number of powerful stock market tools. Successful traders make more on their winners than they lose on their losers. Learn how to interpret the ECN/Level 2 data.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.

24/7 Market News
[email protected]

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.