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1Spatial ( (GB:SPA) ) has shared an update.
1Spatial has signed a £1 million SaaS contract with UK Power Networks to implement its 1Streetworks platform over the next 15 months, with an option for a one-year extension. This contract aims to automate and enhance the efficiency of traffic management plans, potentially reducing road closures by 39% and improving customer service metrics. The agreement signifies a major milestone for 1Spatial, showcasing the value of its solutions and potentially setting a precedent for similar implementations across other utility sectors.
The most recent analyst rating on (GB:SPA) stock is a Hold with a £48.00 price target. To see the full list of analyst forecasts on 1Spatial stock, see the GB:SPA Stock Forecast page.
Spark’s Take on GB:SPA Stock
According to Spark, TipRanks’ AI Analyst, GB:SPA is a Neutral.
1Spatial’s overall stock score is primarily influenced by its solid financial performance, despite some concerns over operational costs and cash flow. Technical indicators suggest neutral to bearish sentiment, while the high P/E ratio raises valuation concerns. The absence of earnings call data and corporate events means these factors do not impact the score.
To see Spark’s full report on GB:SPA stock, click here.
More about 1Spatial
1Spatial is a global leader in Location Master Data Management (LMDM) software and solutions, serving clients such as national mapping and land management agencies, utility companies, transportation organizations, and government departments. The company offers user-friendly, no-code, cloud-enabled solutions that enhance data governance, efficiency, and cost-savings, contributing to a safer and more sustainable world. 1Spatial is AIM-listed and operates in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.
Average Trading Volume: 181,790
Technical Sentiment Signal: Sell
Current Market Cap: £53.43M
See more insights into SPA stock on TipRanks’ Stock Analysis page.