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t42 IoT Tracking Solutions PLC ( (GB:TRAC) ) has issued an announcement.
t42 IoT Tracking Solutions plc has announced an update on its shipping container tracking technology, aiming to expand its offerings and explore partnerships within the freight and logistics industries. The company plans to seek potential investors to fund these initiatives through a project-level structure that will not dilute current shareholders or affect the company’s working capital. This strategy could potentially integrate t42’s products across the global shipping container sector, although there is no certainty of securing funding or finalizing agreements.
The most recent analyst rating on (GB:TRAC) stock is a Sell with a £1.50 price target. To see the full list of analyst forecasts on t42 IoT Tracking Solutions PLC stock, see the GB:TRAC Stock Forecast page.
Spark’s Take on GB:TRAC Stock
According to Spark, TipRanks’ AI Analyst, GB:TRAC is a Underperform.
The overall stock score reflects significant financial instability, with declining revenues, negative profit margins, and a high debt load. Technical indicators suggest bearish momentum, and valuation metrics are unfavorable due to ongoing losses. The absence of earnings call insights and corporate events further limits positive factors.
To see Spark’s full report on GB:TRAC stock, click here.
More about t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions plc, formerly known as Starcom Systems plc, specializes in real-time tracking, analysis, monitoring, and security IoT solutions for the global container and freight market. The company operates in 55 countries with over 100 distributors and 50 logistics and support partners. Its multi-sensor IoT tracking devices provide a wide range of detection capabilities, cloud-based analytics, and real-time data transmission, serving various stakeholders such as ports, cargo owners, shipping companies, and customs authorities.
Average Trading Volume: 421,953
Technical Sentiment Signal: Sell
Current Market Cap: £1.28M
Learn more about TRAC stock on TipRanks’ Stock Analysis page.