Seeing Machines (LON:SEE) Stock Price Down 19.7% - Here's Why

Shares of Seeing Machines Limited (LON:SEE) saw a sharp decline on Wednesday, dropping by 19.7% to trade as low as GBX 2.81 ($0.04) before closing at GBX 3.05 ($0.04). This significant drop followed a previous closing price of GBX 3.80 ($0.05). During this trading day, around 42,619,793 shares exchanged hands, marking an increase of 715% compared to the average daily volume of 5,230,249 shares.

Seeing Machines Stock Performance

The stock's performance has shown variability, with a 50-day moving average of GBX 4.13 and a 200-day moving average of GBX 4.30. The current market capitalization of Seeing Machines stands at £189.61 million. Its PE ratio is reported at -5.15, and the stock has a beta value of 1.15, indicating a relatively high level of volatility compared to the market. Financial metrics show a quick ratio of 3.50 and a current ratio of 1.89, while the debt-to-equity ratio is notably high at 137.68.

Insider Activity at Seeing Machines

Recently, insider trading has been observed, with Kate Hill purchasing 200,000 shares on December 30th at an average price of GBX 5 ($0.06), totaling £10,000 ($12,682.31). Conversely, insider Michael Brown sold a substantial 159,652,752 shares on December 24th, also at an average price of GBX 5 ($0.06), resulting in a transaction worth £7,982,637.60 ($10,123,827.01). Notably, insiders currently own 13.37% of the company's stock.

About Seeing Machines

Seeing Machines is dedicated to enhancing safety through advanced human data-driven technology. The company aims to reduce fatal accidents globally with its cutting-edge software, hardware, and systems that are utilized by prominent brands across various industries.

Investment Considerations

Before considering an investment in Seeing Machines, it might be worthwhile to be aware that market analysts have highlighted alternative investment opportunities. Although Seeing Machines holds a current 'Hold' rating among experts, there are five other stocks that top analysts back as stronger buying options. It may be beneficial to research these alternatives before making a decision.

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