Beamr Imaging Ltd (BMR) Stock Declines Amid Industry Turbulence

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Oct 15, 2024

Beamr Imaging Ltd. (BMR, Financial) experienced a significant stock price drop of 5.06%. The stock is currently priced at $3.29 per share, with a trading volume of 105,545 shares and a turnover rate of 0.68%. The stock's volatility stands at 6.07%.

Recent financial reports indicate that Beamr Imaging Ltd. recorded revenue of $1.00 million and a net loss of $1.97 million, resulting in earnings per share of -$0.13. The company's gross profit is reported at $905,000, with a price-to-earnings ratio of -29.91. Despite these figures, all participating analysts have issued a buy recommendation for the stock, with no hold or sell suggestions.

The software services sector, where Beamr Imaging operates, decreased by 0.51%. In this sector, stocks such as Surgepays Inc., Zapata Computing Holdings Inc., and Nvni Group Ltd. saw notable gains, while Cemtrex Inc., Zapata Computing Holdings Inc., and Phunware, Inc. showed significant trading activity. Surgepays Inc. and Zapata Computing Holdings Inc. also exhibited the highest volatility among related stocks.

Beamr Imaging Ltd. is a company specializing in video technology and image science software, offering high-quality, high-performance solutions for video encoding, transcoding, and optimization. The company operates mainly in the U.S., Israel, and other global regions, with most of its revenue generated from the U.S. market.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.