ParaZero Technologies (NASDAQ:PRZO) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of ParaZero Technologies (NASDAQ:PRZO) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ParaZero Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ParaZero Technologies currently has a consensus rating of “Sell”.

ParaZero Technologies Stock Down 5.3%

Shares of ParaZero Technologies stock opened at $0.78 on Friday. The stock’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.30. ParaZero Technologies has a 52 week low of $0.53 and a 52 week high of $2.15.

ParaZero Technologies (NASDAQ:PRZO) last released its earnings results on Thursday, March 26th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $0.34 million during the quarter.

About ParaZero Technologies

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.