1Spatial Secures Major US Enterprise Agreement with Caltrans

1Spatial ( (GB:SPA) ) just unveiled an announcement.

1Spatial has signed a US$1.7 million annually renewing Enterprise Agreement with the California Department of Transportation (Caltrans), consolidating multiple software licenses into a single agreement. This partnership, which has grown over six years, highlights the strategic importance of 1Spatial’s technology in data governance for Caltrans, with potential replication across other U.S. Departments of Transportation.

The most recent analyst rating on (GB:SPA) stock is a Hold with a £48.00 price target. To see the full list of analyst forecasts on 1Spatial stock, see the GB:SPA Stock Forecast page.

Spark’s Take on GB:SPA Stock

According to Spark, TipRanks’ AI Analyst, GB:SPA is a Neutral.

1Spatial’s overall stock score is primarily influenced by its solid financial performance, despite some concerns over operational costs and cash flow. Technical indicators suggest neutral to bearish sentiment, while the high P/E ratio raises valuation concerns. The absence of earnings call data and corporate events means these factors do not impact the score.

To see Spark’s full report on GB:SPA stock, click here.

More about 1Spatial

1Spatial is a global leader in Location Master Data Management (LMDM) software and solutions, serving clients such as national mapping and land management agencies, utility companies, transportation organizations, and government departments. The company’s solutions are user-friendly, no-code, and cloud-enabled, focusing on automated data governance to enhance efficiencies and cost-savings. 1Spatial is AIM-listed with operations in multiple countries including the UK, USA, and Australia.

Average Trading Volume: 179,354

Technical Sentiment Signal: Sell

Current Market Cap: £53.43M

For detailed information about SPA stock, go to TipRanks’ Stock Analysis page.