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1Spatial ( (GB:SPA) ) has issued an update.
1Spatial has signed a US$1.7 million annually renewing Enterprise Agreement with the California Department of Transportation (Caltrans), consolidating multiple software licenses into a single agreement. This move simplifies procurement and deployment, reflecting the growing strategic importance of 1Spatial’s technology in supporting Caltrans’ data governance initiatives. The agreement, which includes a 50% increase in license revenue, is expected to enhance 1Spatial’s industry positioning and offers expansion opportunities with other Departments of Transport in the US.
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. Their no-code, cloud-enabled solutions facilitate automated data governance, offering increased efficiencies and cost-savings. The company is AIM-listed and operates in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.
Average Trading Volume: 179,354
Technical Sentiment Signal: Sell
Current Market Cap: £53.43M
See more data about SPA stock on TipRanks’ Stock Analysis page.