Remark Holdings (MARK) Stock: There’s More To It Than Walmart!

Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is flying in the market today, and it’s nothing new. For several trading sessions, the stock has traded on either single, or double-digit gains.

The gains started when the company announced that it started shipping AI based thermal imaging technology to customers in the United States and Japan about two weeks ago. Recent evidence shows that one of these customers may be Walmart Inc (NYSE: WMT), but there’s much more to this than Walmart.

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MARK Stock Flies As Investors Focus On Walmart

Recent comments from Kai-Shing Tao, the CEO at Remark Holdings, have investors excited about the revenue potential from a client like Walmart. In the statement, Tao had the following to offer:

We are pleased to partner with Tongue to add Smart AI capabilities to their Medical Robot geared towards detecting diseases among kindergarten students before it spreads. This feature complements our current products which are designed to relieve the routine tasks and burdens experienced by teachers in keeping track of student attendance while maintaining school safety.

In addition we are close to monetization of our Shaercare position. Sharecare recently became a primary beneficiary of Walmart’s strong push into consumer healthcare with the planned openings of local health clinics inside existing Walmart stores, attracting the attention of additional new parties seeking to invest, thereby allowing us to potentially realize a higher value for our stake.

When we put two and two together, we see that MARK may be on the verge of something big. We know that the company has started to ship its AI-based thermal imaging technology to customers in both the United States and China. We also know that the company has a foot in the door with Walmart through Sharecare.

So, it only makes sense that Walmart will soon be using the company’s AI-based thermal imaging technology to keep its customers and employees safe in the face of the COVID-19 pandemic. After all, this technology has the ability to check temperatures without human interaction, making a great initial screening step for the big-box retail outlet.

However, Walmart isn’t the only reason to be excited about MARK stock. The truth of the matter is that there’s a whole world of open doors for the company right now.

Think about it, the COVID-19 pandemic has changed the way we live. These days, social distancing is more important than socialization in a highly social society. That’s a mouthful.

What I’m saying here is that consumers are itching to get back to normal, and thermal screening is one step in the right direction. As such, Walmart isn’t likely to be the only big customer for Remark.

Think about it, airports, big-box retail stores, schools, and event venues can all become customers for the company.

The Bottom Line

The bottom line here is very simple. As we work to bring the COVID-19 pandemic to an end, companies that provide technologies, vaccines, treatments, and other weapons in the fight will likely benefit greatly.

While hospitals and other locations are checking the temperatures of those who walk through their doors, this puts workers at risk. After all, we don’t know whose temperature is high and those checking the temperatures are at risk each and every time they come near someone to do so.

Remark Holdings has a technology that can provide the same effectiveness in screening through temperature without risking anyone’s health to do it. That’s a big deal that will likely lead to strong growth in revenue as demand climbs. All in all, this makes MARK stock one that should not be ignored.

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