10 Best AI Penny Stocks to Buy According to Analysts

5. Beamr Imaging Ltd. (NASDAQ:BMR)

Average Upside Potential: 158.06%

Share Price as of November 5: $2.78

Number of Hedge Fund Holders: 1

Beamr Imaging Ltd. (NASDAQ:BMR) specializes in video encoding, transcoding, and optimization solutions. It provides a suite of software products designed to enhance video quality while reducing file sizes, which is crucial for streaming services and content distributors. Offerings include advanced video compression technologies like Beamr 4 and Beamr 5 encoders, as well as JPEGmini for photo optimization. These solutions are particularly beneficial for over-the-top platforms and Hollywood studios, helping them deliver high-quality video content efficiently.

Recently, the company has gained attention for its partnerships and innovations in the video optimization space, positioning itself as a key player in the evolving media landscape. Q2 2024 was marked by significant advancements in AI-powered video technology. In July, it launched its first AI capability integrated into Beamr Cloud, the company’s GPU-powered video service.

The company integrated AI features into its video services, enabling advanced search capabilities within videos and automated transcription in multiple languages. This shift towards AI-driven solutions not only addresses traditional challenges like storage and streaming but also revolutionizes the way videos are consumed and understood. By prioritizing AI-integrated developments, Beamr Cloud is accelerating video delivery and enhancing the overall user experience.

In H1 2024, revenues for Beamr Imaging Ltd. (NASDAQ:BMR) increased by 5% to $1 million year-over-year. The increase was driven by signing new license agreements offset by those terminated. This company is one of the most popular AI penny stocks to buy right now.