Safe Pro Group Inc. (NASDAQ:SPAI) Short Interest Update

Safe Pro Group Inc. (NASDAQ:SPAI) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 479,652 shares, a decrease of 27.2% from the March 31st total of 658,638 shares. Based on an average daily trading volume, of 208,903 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPAI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Institutional Investors Weigh In On Safe Pro Group

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Safe Pro Group in the third quarter worth $3,940,000. Ghisallo Capital Management LLC acquired a new stake in shares of Safe Pro Group in the fourth quarter worth $1,190,000. Cresset Asset Management LLC increased its position in shares of Safe Pro Group by 95.6% in the third quarter. Cresset Asset Management LLC now owns 283,485 shares of the company’s stock worth $1,990,000 after acquiring an additional 138,556 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Safe Pro Group by 9.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock worth $1,154,000 after acquiring an additional 23,018 shares in the last quarter. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Safe Pro Group in the first quarter worth $881,000.

Safe Pro Group Trading Up 1.4%

Shares of Safe Pro Group stock traded up $0.06 during trading hours on Friday, hitting $4.45. The company’s stock had a trading volume of 77,360 shares, compared to its average volume of 308,241. Safe Pro Group has a 1-year low of $2.39 and a 1-year high of $9.16. The business has a fifty day moving average of $4.40 and a 200 day moving average of $4.90. The company has a market capitalization of $92.98 million, a PE ratio of -5.31 and a beta of 3.91. The company has a quick ratio of 13.84, a current ratio of 14.33 and a debt-to-equity ratio of 0.01.

Safe Pro Group (NASDAQ:SPAI) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Safe Pro Group had a negative return on equity of 182.66% and a negative net margin of 2,359.64%.The business had revenue of $0.23 million during the quarter, compared to analyst estimates of $0.10 million. As a group, equities analysts forecast that Safe Pro Group will post -0.48 EPS for the current year.

Safe Pro Group Company Profile

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.