Safe Pro Group Inc. (NASDAQ:SPAI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.00.

SPAI has been the topic of a number of recent research reports. Zacks Research cut shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Safe Pro Group in a report on Thursday, January 22nd.

Institutional Investors Weigh In On Safe Pro Group

Institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new position in Safe Pro Group during the 4th quarter worth approximately $42,000. Barclays PLC bought a new stake in Safe Pro Group in the fourth quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Safe Pro Group during the fourth quarter valued at approximately $65,000. DGS Capital Management LLC purchased a new stake in shares of Safe Pro Group during the fourth quarter valued at approximately $79,000. Finally, Prospera Financial Services Inc bought a new position in shares of Safe Pro Group in the third quarter worth approximately $82,000.

Safe Pro Group Price Performance

SPAI opened at $4.11 on Friday. The company has a current ratio of 7.60, a quick ratio of 7.16 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $85.86 million, a P/E ratio of -4.89 and a beta of 3.91. The stock has a 50-day moving average price of $4.59 and a 200-day moving average price of $5.31. Safe Pro Group has a 12-month low of $1.47 and a 12-month high of $9.16.

Safe Pro Group (NASDAQ:SPAI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $0.23 million for the quarter, compared to analysts’ expectations of $0.10 million. Safe Pro Group had a negative net margin of 968.74% and a negative return on equity of 280.18%.

Safe Pro Group declared that its Board of Directors has initiated a share buyback plan on Thursday, December 18th that authorizes the company to buyback $3.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

About Safe Pro Group

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.