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Seeing Machines ( (GB:SEE) ) has shared an announcement.
Seeing Machines Limited has entered a referral agreement with Mitsubishi Electric Europe B.V. to enhance driver safety in Europe by promoting its Guardian Generation 3 driver monitoring solution. This collaboration aims to leverage Mitsubishi Electric’s extensive network and relationships with truck and bus OEMs to comply with the European Union’s new Vehicle General Safety Regulations. Additionally, Seeing Machines has renewed its distributor agreement with Connect Source in Australia, marking its largest single order for Guardian Generation 3 to date, which will be implemented across 550 vehicles in a large Australian utility company’s fleet.
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. The company designs AI-powered operator monitoring systems to enhance transport safety across various sectors, including automotive, commercial fleet, off-road, and aviation. With a global presence, Seeing Machines provides technology solutions that enable machines to understand and assist human operators, focusing on driver monitoring systems to improve safety.
Average Trading Volume: 17,610,949
Technical Sentiment Signal: Sell
Current Market Cap: £137M
For a thorough assessment of SEE stock, go to TipRanks’ Stock Analysis page.