Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is making a run for the top in the market this morning, gaining more than 7% in the premarket hours. While the company hasn’t issued any press this morning, there’s good reason for all of the excitement. Here’s what’s going on:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

MARK Stock Could Be A Big Win On AI Thermal Imaging

For those of you who haven’t been following Remark Holdings, the company’s recent claim to fame is its AI-based thermal imaging technology. The idea is simple:

In the face of the COVID-19 pandemic, consumers, businesses and regulators are all looking for ways to slow the spread of the virus. One of the first symptoms of the virus is a fever.

Considering this, many businesses, hospitals, and more have been taking temperatures of consumers before they walk through the doors. However, this poses its own problems.

To take a temperature, someone needs to hold the thermometer close to the person whose temperature is being taken. This could expose the person holding the thermometer to the novel coronavirus. It’s also where MARK comes in.

The company’s thermal imaging technology can take temperatures of the masses as they walk through the door without human intervention. Once a high temperature is detected, that subject can be separated for further screening.

The implications of this technology are massive. Big box stores like Walmart, Winn Dixie, and others could all benefit by taking advantage of this technology. In China, we’re already seeing the uptake. In fact, in a recent press release, MARK said that it partnered with Hanvon Technologies to win the China Mobile contract to transform 17,800 stores into smart stores.

Aside from stores, casinos, churches and theme parks could all benefit greatly from the technology.

What’s Next

Moving forward, I’m expecting to see further demand for Remark Holdings thermal imaging products. With the companies ties with Walmart and various Casinos in the United States, these are likely to be some of its first customers here at home.

At the same time, I’m expecting to see continued international demand. Ultimately, China Mobile isn’t likely to be the only large chain outside of the United States that sees value in the work MARK is doing.

All in all, with increasing demand, I’m expecting to see a substantial increase in revenue throughout the second half of the year, making MARK stock one that should be watched closely.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Don’t Miss The Next Big Story

Join our free mailing list below to receive real-time news alerts!

Subscribe Today!

* indicates required


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.