Seeing Machines has a lot further to grow, says US investment bank
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Seeing Machines Ltd reported strong growth in its driver monitoring system (DMS) production volumes, with an 83% increase to 405,669 units in the financial first quarter, despite challenges in the automotive market. US investment bank Stifel sees further growth potential for the company.
November 11, 2024 | 10:00 am
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Seeing Machines Ltd reported an 83% increase in DMS production volumes, indicating strong growth potential. Stifel, a US investment bank, remains optimistic about the company's future growth despite challenges in the automotive market.
The significant increase in production volumes suggests strong demand and operational efficiency, which is positive for Seeing Machines' growth prospects. Stifel's positive outlook further supports potential upward movement in the stock price.
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