BMR - Low Conviction play; Massive Upside
BMR - Low Conviction play
I got in at $5.91.
Here is another company that looks like it could be a monster, and has some very bullish volume, and a nice looking set up. This chart looks ridiculously bullish to me. This pole up was formed in 1 day and the EP candle closed up 371% EP. At the high on the day, it was up 1555% from prior day. I’ve never seen an EP this strong. Since then, the price has retraced and formed a vertical channel. The volume is an obvious tell sign to me to where this is going. The 10 day, 20 day, and 50 day SMA’s have converged into a tight point here. The 200 day likely wouldn’t get there for awhile, so this might be a launch pad point. We are near the bottom of the trend line, so I think it is a safe entry point and can exit if things start breaking down.
This is what caused that monster move and it is a good read to understand the fundamentals. I think it’s possible this stock isn’t done with its violent upward movement yet. I’m of the opinion it is only taking a breather here and consolidating, before it explodes again. This company only has an 89 million dollar market cap. From a seeking alpha article:
“In terms of financials, there's not much to get excited about with the company drawing parallels to a tech startup. Still, the attraction here is the propriety technology and portfolio of patents that have positioned Beamr as the market leader in this niche of video compression.
The idea here captures explosive growth in cloud video media with a cost associated with the necessary file storage. This is critical for content distributors, streaming platforms, and movie studios that are uploading petabyte levels of data. Simply put, Beamr's content-adaptive bitrate (CABR) system maximizes compression of video files while maintaining resolution, format, and visual quality. Customers can save up to 50% on video storage costs which can represent millions of dollars as part of the value-added proposition. Notably, groups like Netflix, Inc. (NFLX), Paramount Global (PARA), Vimeo, Inc. (VMEO), and Walmart Inc. (WMT) have been cited by Beamer as among over 50 existing enterprise customers.”
Some info on the collaboration with Nvidia:
“Backed by tech giants like Amazon, Google and Microsoft, AOMedia Video 1 (AV1) is an efficient emerging video format. However, it is facing slow adoption due to the highly complex and costly processes of upgrading existing video libraries in growing markets like artificial intelligence (AI), machine learning, streaming and user-generated content. Today Beamr and NVIDIA are going to jointly present for the first time a proposed solution to this challenge, at the ACM Mile-High-Video 2024 conference.
While video usage is growing at an exponential pace, most videos today are still based on a 20 year old format (AVC / H.264), that existed before smartphones, AI, 85" screens and high-speed internet. The research presented today will highlight the Beamr-NVIDIA collaboration in facilitating the transition to AV1 adoption at scale. Beamr and NVIDIA will describe an automated process to transfer video libraries and repositories into the emerging format. This is done while securing video quality with an optimized bitrate and using NVIDIA’s hardware.
Beamr CTO, Tamar Shoham, who will present the research at the conference, explained: “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”.
Shoham added: “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. We also made the conversion to modern formats, or ‘codecs’, such as AV1, fully automated, so that going from an AVC format to a smaller, more efficient AV1 format is seamless and does not introduce any quality degradation”.
Beamr’s technology and solutions has a proven track record of reducing video files size and bitrate by up to 50% while preserving the video quality. This award-winning technology is backed by 53 patents and already implemented in various applications, including video streaming.”
The company just also launched Beamr cloud, which hopefully turns into a big revenue earner.
I got in at $5.91.
Here is another company that looks like it could be a monster, and has some very bullish volume, and a nice looking set up. This chart looks ridiculously bullish to me. This pole up was formed in 1 day and the EP candle closed up 371% EP. At the high on the day, it was up 1555% from prior day. I’ve never seen an EP this strong. Since then, the price has retraced and formed a vertical channel. The volume is an obvious tell sign to me to where this is going. The 10 day, 20 day, and 50 day SMA’s have converged into a tight point here. The 200 day likely wouldn’t get there for awhile, so this might be a launch pad point. We are near the bottom of the trend line, so I think it is a safe entry point and can exit if things start breaking down.
This is what caused that monster move and it is a good read to understand the fundamentals. I think it’s possible this stock isn’t done with its violent upward movement yet. I’m of the opinion it is only taking a breather here and consolidating, before it explodes again. This company only has an 89 million dollar market cap. From a seeking alpha article:
“In terms of financials, there's not much to get excited about with the company drawing parallels to a tech startup. Still, the attraction here is the propriety technology and portfolio of patents that have positioned Beamr as the market leader in this niche of video compression.
The idea here captures explosive growth in cloud video media with a cost associated with the necessary file storage. This is critical for content distributors, streaming platforms, and movie studios that are uploading petabyte levels of data. Simply put, Beamr's content-adaptive bitrate (CABR) system maximizes compression of video files while maintaining resolution, format, and visual quality. Customers can save up to 50% on video storage costs which can represent millions of dollars as part of the value-added proposition. Notably, groups like Netflix, Inc. (NFLX), Paramount Global (PARA), Vimeo, Inc. (VMEO), and Walmart Inc. (WMT) have been cited by Beamer as among over 50 existing enterprise customers.”
Some info on the collaboration with Nvidia:
“Backed by tech giants like Amazon, Google and Microsoft, AOMedia Video 1 (AV1) is an efficient emerging video format. However, it is facing slow adoption due to the highly complex and costly processes of upgrading existing video libraries in growing markets like artificial intelligence (AI), machine learning, streaming and user-generated content. Today Beamr and NVIDIA are going to jointly present for the first time a proposed solution to this challenge, at the ACM Mile-High-Video 2024 conference.
While video usage is growing at an exponential pace, most videos today are still based on a 20 year old format (AVC / H.264), that existed before smartphones, AI, 85" screens and high-speed internet. The research presented today will highlight the Beamr-NVIDIA collaboration in facilitating the transition to AV1 adoption at scale. Beamr and NVIDIA will describe an automated process to transfer video libraries and repositories into the emerging format. This is done while securing video quality with an optimized bitrate and using NVIDIA’s hardware.
Beamr CTO, Tamar Shoham, who will present the research at the conference, explained: “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”.
Shoham added: “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. We also made the conversion to modern formats, or ‘codecs’, such as AV1, fully automated, so that going from an AVC format to a smaller, more efficient AV1 format is seamless and does not introduce any quality degradation”.
Beamr’s technology and solutions has a proven track record of reducing video files size and bitrate by up to 50% while preserving the video quality. This award-winning technology is backed by 53 patents and already implemented in various applications, including video streaming.”
The company just also launched Beamr cloud, which hopefully turns into a big revenue earner.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.