Remark Holdings (MARK) Stock: Are More Gains Ahead

Remark Holdings MARK Stock News

We’ve seen impressive movement out of Remark Holdings Inc (NASDAQ: MARK) stock as of late. On April 20, 2020, the stock was trading at around $0.40 per share. However, after a tremendous run, it’s now trading over $1.75. The big question is, “Is there any room for gains ahead?”

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MARK Stock Gains Are Far From Over

As with any tremendous run in value, we’re likely to see some profit taking here and there, but in my opinion, in the case of Remark Holdings, these dips are buying opportunities. In fact, I believe that Remark Holdings will quickly become a cornerstone in the global fight against the COVID-19 pandemic.

Let’s rewind a bit:

A couple of weeks ago, MARK stock started to fly after the company said that it had started shipping products to customers in Japan and across the United States. The key is what these products are.

The shipments include a line of Artificial Intelligence-driven thermal imaging technology. So, what are the implications of that.

Think about when you go to the doctors office, or even in some stores. Before you go in, you have to have your temperature taken as a high temperature is a symptom of COVID-19. That sounds great for initial screening, but is a very big issue.

Outside of options by MARK, in order to take temperatures of patients and customers, there has to be human involvement. Someone has to hold the thermometer.

This puts the person holding the thermometer at risk. Going further, that person walks back into the building, even after turning someone with a fever away, and brings the virus in with them. So, checking temperatures, as we’re doing now, is less effective than you think.

However, with Remark Holdings’ AI-driven thermal imaging, no human involvement is necessary. Moreover, temperatures of the masses can be taken with a snapshot, rather than having to go one by one.

The Implications Of This Technology Are Incredible

Lately, everyone has been talking about the fact that MARK already has its foot in the door with one of the world’s largest retail chains, Walmart. So, these technologies are likely to start being used in Walmart stores, increasing demand and leading to a potentially impressive revenue increase.

While that’s the hot topic, it’s only the beginning. Think about it. One of the best places to deploy this technology would be in airports. Travelers would be screened for high temperatures before they even get off the ground. This could slow the spread of the virus tremendously.

The same could be said for bus stations, cruise lines, and any other form of travel where large amounts of customers take the ride together.

The technology by MARK could also be the key to reopening sporting events, concerts, and other events that bring large crowds of people together for a day of fun.

Not to mention, schools, churches, stores and any other place where we see large gatherings of consumers could all benefit greatly from Remark Holdings’ thermal imaging technologies.

The Bottom Line

The bottom line here is that in my view, we’re going to see a substantial increase in revenue at Remark Holdings in the near term. The company’s technology is likely to prove to be an important weapon in the fight against the COVID-19 pandemic, and that’s incredibly valuable.

Considering the expected dramatic increase in sales and revenue, MARK stock is one that’s well worth paying attention to, even after more than 300%+ gains in recent weeks.

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