MEDIROM Healthcare Technologies (MRM) stock rocketed higher on Friday after the Japanese holistic healthcare services company announced it would join the World platform, which utilizes the World ID system created by OpenAI founder Sam Altman. This will have the company install World ID Orb devices at roughly 100 of its Re.Ra.Ku salons.
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World ID is a proof-of-human concept created by World to verify that users are real human beings. World has been working to accelerate the use of World ID through collaborations similar to the one announced with MEDIROM Healthcare Technologies today.
MEDIROM Healthcare Technologies Stock Movement
MEDIROM Healthcare Technologies stock was up 75.83% in pre-market trading on Friday, following a 5.51% drop yesterday. The shares have increased 16.5% year-to-date but fallen 59.32% over the past 12 months. Today’s movement came with heavy trading, as some 20 million shares changed hands, compared to a three-month daily average of about 20,000 units.
Is MEDIROM Healthcare Technologies Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of MEDIROM Healthcare Technologies is lacking. However, TipRanks’ AI analyst Spark has the stock covered. It rates MRM a Neutral (54) with a $1.50 price target, representing a potential 25% upside for the shares. It cites “strong revenue growth overshadowed by significant profitability and liquidity challenges” as reasons for this stance.
