Remark Holdings (MARK) Stock Keeps Climbing

Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is running for the top once again, adding to recent and dramatic gains. In the past month, the stock has grown by more than 500%, and investors seem to be betting on the continuance of these gains. So, what’s the big deal?

The company’s artificial intelligence thermal imaging products couldn’t have been launched at a better time. Here’s what’s going on:

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Here’s Why Investors Are So Excited About MARK Stock

Remark Holdings has been held down in the market for some time. Unfortunately, heavy short interest brought the stock from its peak of more than $13 per share in early 2018 to around $0.50 per share earlier this year.

However, the company is seeing renewed faith out of investors after launching an artificial intelligence based thermal imaging suite of products. So, what’s the big deal?

Think about it, hospitals, stores, and other facilities are taking temperatures of consumers before they are allowed in the doors as a first step toward screening for COVID-19. However, in doing so, the person holding the thermometer is at risk. That’s where the new suite of products by MARK comes in.

The company’s AI based thermal imaging products allow companies, hospitals, government agencies and more to provide a first line of screening with temperature screening that doesn’t reuquire anyone to hold a thermometer.

Considering the continued spread of the COVID-19 pandemic, the world is looking for ways to fight the virus back. Of course, temperature screening isn’t 100% accurate, it is a great first step. As such, it’s believed that the suite of AI thermal imaging products at MARK will be met with incredibly high demand.

Going a bit further, there has been a lot of discussion surrounding the relationship between Remark Holdings and Walmart as of late. There’s a good reason for this discussion. Due to the company’s relationship with Walmart, there’s a good chance that one of the world’s biggest retailers will become one of the biggest customers for MARK.

This Technology Could Quickly Be Picked Up On A Large Scale

While much of the focus has been on the relationship between Remark Holdings and Walmart, the truth of the matter is that this is just the beginning of the story. At the moment, there are more than 6,000 hospitals, more than 130,000 K-12 schools, more than 5,000 colleges and more than 19,000 airports in the United States. Each of these could potentially become a new MARK customer, and even that is just scratching the surface.

The bottom line here is that while MARK did not anticipate the coronavirus outbreak when developing its thermal imaging products, it did so at the perfect time. Considering the possibility of this technology to at least help to slow the spread of the pandemic, MARK stock is one to watch closely.

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