TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Seeing Machines ( (GB:SEE) ).
Seeing Machines Limited has announced new business developments, including an additional program with an existing European Tier 1 customer and a new contract with Mitsubishi Electric Mobility Corporation in Japan. The European project, valued initially at US$10 million, will enhance the OEM customer’s semi-automation functionality with Seeing Machines’ Driver Monitoring System technology, with production expected between 2028 and 2031. The Japanese contract, valued at US$1.6 million, marks the company’s first collaboration with MELMB, reinforcing its growth strategy in Japan. These deals contribute to a total cumulative initial lifetime value of over US$400 million for all Seeing Machines Automotive programs, with significant revenue anticipated by 2028. The company aims to leverage existing relationships to meet upcoming European regulatory requirements for advanced distraction warning systems.
The most recent analyst rating on (GB:SEE) stock is a Hold with a £5.00 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.
Seeing Machines’ overall stock score is driven by strong technical momentum and positive future growth prospects highlighted in the earnings call. However, the company’s current financial performance and valuation present significant challenges. The stock’s overbought technical indicators and negative profitability metrics weigh down the score.
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 aimed at improving transport safety across various sectors including Automotive, Commercial Fleet, Off-road, and Aviation. Their technology portfolio includes AI algorithms, embedded processing, and optics, which are essential for real-time understanding of vehicle operators. Seeing Machines operates globally with offices in Australia, USA, Europe, and Asia.
Average Trading Volume: 11,694,552
Technical Sentiment Signal: Hold
Current Market Cap: £217.7M
See more insights into SEE stock on TipRanks’ Stock Analysis page.