Beamr Stock Is Blasting Higher On Nvidia Collaboration

Beamr Imaging Ltd. BMR shares are blasting higher Monday after the company announced it will present joint research relating to automated video modernization with Nvidia Corporation NVDA at the ACM Mile-High-Video 2024 conference.

The Details:

Beamr and Nvidia will present research highlighting their collaboration in facilitating the transition to AOMedia Video 1 (AV1) adoption at scale. Beamr and Nvidia will describe an automated process to transfer video libraries and repositories into the emerging format by securing video quality with an optimized bitrate and using Nvidia’s hardware.

“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," explained Beamr CTO Tamar Shoham.

“Beamr technology powered by Nvidia’s encoder (NVENC) addresses these two challenges by using Nvidia’s hardware accelerated AV1 encoding with performance that is equal, and even superior, to previous formats. It is done at the same cost thanks to Nvidia’s focus on the adoption of the latest standards," added Shoham. 

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BMR Stock Prediction 2024

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Beamr Imaging, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Beamr Imaging, the 200-day moving average sits at $1.91, according to Benzinga Pro, which is below the current price of $8.68. For more on charts and trend lines, see a description here.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

BMR Price Action: According to Benzinga Pro, Beamr shares have been halted multiple times Monday and are up 311% at $8.68 at the time of publication.

Image: Courtesy of Nvidia Corporation