Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Seeing Machines ( (GB:SEE) ) has provided an announcement.
Seeing Machines Limited has announced a significant milestone in its collaboration with Magna, a major Tier 1 automotive supplier, to expand its Driver and Occupant Monitoring System (DMS/OMS) technology in China. This partnership involves integrating Seeing Machines’ advanced AI-powered monitoring systems into Magna’s interior mirrors for a German-based OEM, enhancing vehicle safety by detecting driver distraction and drowsiness. The program is expected to reach several million units annually, marking the largest automotive program award for Seeing Machines, which is currently engaged with 18 automotive programs globally. This expansion underscores Seeing Machines’ commitment to safety innovation and its strategic positioning in the automotive industry.
The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.50 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’ strong market position and positive technical indicators are offset by profitability challenges and valuation concerns. The company’s strategic focus on cost reduction and partnerships is promising, but execution risks remain.
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’s AI-powered systems are designed to enhance safety in various sectors, including automotive, commercial fleet, off-road, and aviation. With a focus on real-time understanding of vehicle operators, Seeing Machines develops Driver Monitoring Systems (DMS) to assess driver attention and cognitive state, aiming to reduce accident risks. The company operates globally with offices in Australia, USA, Europe, and Asia.
Average Trading Volume: 8,808,351
Technical Sentiment Signal: Sell
Current Market Cap: £171.3M
For detailed information about SEE stock, go to TipRanks’ Stock Analysis page.