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Seeing Machines ( (GB:SEE) ) has issued an announcement.
Seeing Machines Limited has entered a referral agreement with Mitsubishi Electric Europe B.V. to enhance driver safety in Europe, aligning with the EU’s new Vehicle General Safety Regulations. This collaboration aims to leverage Mitsubishi Electric’s extensive network to boost sales of Seeing Machines’ Guardian Generation 3 driver monitoring solution, particularly in the logistics and transportation sectors. Additionally, Seeing Machines has renewed its distributor agreement with Connect Source in Australia, securing a significant order from a large utility company, marking the company’s largest single order for Guardian Generation 3.
The most recent analyst rating on (GB:SEE) stock is a Buy with a £13.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.
Spark’s Take on GB:SEE Stock
According to Spark, TipRanks’ AI Analyst, GB:SEE is a Neutral.
The overall stock score of 55 reflects significant financial challenges and valuation concerns, offset by positive technical indicators and corporate developments. While Seeing Machines shows potential with strategic partnerships and insider confidence, the financial instability and lack of profitability weigh heavily on the stock’s outlook.
To see Spark’s full report on GB:SEE stock, click here.
More about Seeing Machines
Seeing Machines Limited, founded in 2000 and headquartered in Australia, is a leader in vision-based monitoring technology aimed at enhancing global transport safety. The company specializes in AI-powered operator monitoring systems that provide real-time understanding of vehicle operators’ states, focusing on the automotive, commercial fleet, off-road, and aviation sectors. Seeing Machines operates globally with offices in Australia, USA, Europe, and Asia.
Average Trading Volume: 17,610,949
Technical Sentiment Signal: Sell
Current Market Cap: £137M
See more data about SEE stock on TipRanks’ Stock Analysis page.