Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Precise Biometrics AB ( (SE:PREC) ) has shared an update.
Precise Biometrics has expanded its presence in the premium fitness and health-tech segment after Age Back Co Stockholm, a high-end gym and club, chose its Precise Access facial recognition system to manage biometric entry across the entire facility. Following a successful pilot, the gym has rolled out the solution to all key access points, using facial authentication to replace cards, PINs and apps, and integrating the technology with its membership management and physical access control systems to improve security, streamline administration and deliver a seamless, exclusive experience for members, illustrating growing demand for biometric access in premium, membership-based venues.
The most recent analyst rating on (SE:PREC) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Precise Biometrics AB stock, see the SE:PREC Stock Forecast page.
More about Precise Biometrics AB
Precise Biometrics AB is a Sweden-based, Nasdaq Stockholm-listed pioneer in biometrics and cybersecurity, offering a suite of fingerprint, face and palm recognition algorithms alongside turnkey solutions for visitor management and biometric physical access management. Its technologies are used in mobiles, laptops, security tokens, smart locks and automotive applications such as in-car payments and driver authentication, and the company operates through two business units, Digital Identity and Biometric Technologies, with offices in Europe, the US and Asia.
Average Trading Volume: 116,358
Technical Sentiment Signal: Sell
Current Market Cap: SEK172.6M
Learn more about PREC stock on TipRanks’ Stock Analysis page.