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Wearable Devices Launches Mudra Band Preorders; Beamr Imaging Soars on NVIDIA's NVENC New Features; Dorian LPG Upgraded

  • May 25th, 2023

Wearable Devices Ltd. (Nasdaq: WLDS) has officially announced the availability of its flagship consumer product, the Mudra Band for Apple Watch, for preorder. This marks an exciting milestone for the company as it prepares for its first volume manufacturing batch. With considerable early demand, Wearable Devices is scaling its marketing and support capabilities to meet the growing interest in its innovative product. According to the company, thousands of preorders have already been received, highlighting the market's enthusiasm. The company's objective is to commence shipments in the second half of 2023, bringing the Mudra Band to Apple Watch enthusiasts.

During pre-market, $WLDS is trading at $0.79, demonstrating a remarkable surge of $0.35 (+80.77%).

NVIDIA Corporation (Nasdaq: NVDA) has made a significant announcement regarding the release of Video Codec SDK 12.1. The latest version incorporates new application programming interfaces (APIs) designed to support Beamr Imaging Ltd.'s (Nasdaq: BMR) Content Adaptive Bit Rate (CABR) library. These APIs are part of the new Nvidia Encoder (NVENC) features that enhance video processing capabilities on Nvidia GPUs. The collaborative effort between NVIDIA and Beamr Imaging aims to deliver fully standard-compliant bitstreams while minimizing the bit rate required for a given perceptual quality. This groundbreaking approach sets a new benchmark in quality-driven encoding.

$BMR is trading at $5.35 in pre-market, experiencing a significant surge of $3.15 (+143.18%).

Dorian LPG Ltd. (NYSE: LPG) has received an upgrade from Evercore ISI, moving from an In-line rating to Outperform. Additionally, the price target for the stock has been raised from $25 to $32, reflecting a more favorable outlook on the company's performance.

In pre-market, $LPG is currently trading at $23.99, exhibiting a positive movement of $0.67 (+2.87%).


THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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