tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Seeing Machines Secures $1.8M Order for Autonomous Vehicle Monitoring

Story Highlights
  • Seeing Machines received a $1.8M order for its Guardian BdMS from a top North American autonomous vehicle firm.
  • The order supports fleet expansion and highlights the critical role of Seeing Machines in autonomous transport safety.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Seeing Machines Secures $1.8M Order for Autonomous Vehicle Monitoring

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Seeing Machines ( (GB:SEE) ) just unveiled an announcement.

Seeing Machines Limited has secured a US$1.8 million purchase order for its Guardian Backup-driver Monitoring System (BdMS) from a leading North American autonomous vehicle company. This contract supports the expansion of the customer’s test fleet across the US, highlighting the critical role of Seeing Machines’ technology in ensuring safety during the transition to fully autonomous transport. The company’s Guardian BdMS solution is pivotal in bridging the gap between autonomous operations and human oversight, reinforcing its position in the growing autonomous ride-hailing industry.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £2.50 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’ overall stock score is primarily influenced by its financial performance, which highlights strong revenue growth but significant profitability and cash flow challenges. Technical analysis suggests a neutral to slightly positive trend, while valuation metrics are weak due to negative earnings and lack of dividends. 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: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, with a focus on automotive, commercial fleet, off-road, and aviation sectors. Their technology portfolio includes AI algorithms, embedded processing, and optics, aimed at delivering real-time understanding of vehicle operators.

Average Trading Volume: 6,709,065

Technical Sentiment Signal: Sell

Current Market Cap: £148.8M

See more data about SEE stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1