Safe Pro Group Inc. (NASDAQ:SPAI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.00.

Several equities research analysts recently issued reports on SPAI shares. Zacks Research raised shares of Safe Pro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Safe Pro Group from a “sell” rating to a “hold” rating in a report on Saturday, June 6th.

Safe Pro Group Trading Up 4.5%

Shares of Safe Pro Group stock opened at $5.37 on Friday. Safe Pro Group has a fifty-two week low of $2.39 and a fifty-two week high of $9.16. The business’s fifty day moving average is $4.55 and its two-hundred day moving average is $4.66. The company has a quick ratio of 12.88, a current ratio of 13.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $112.18 million, a PE ratio of -7.56 and a beta of 3.28.

Safe Pro Group (NASDAQ:SPAI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $1.22 million during the quarter, compared to the consensus estimate of $1.01 million. Safe Pro Group had a negative return on equity of 119.17% and a negative net margin of 800.91%. Analysts anticipate that Safe Pro Group will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On Safe Pro Group

A number of institutional investors have recently added to or reduced their stakes in SPAI. Cresset Asset Management LLC increased its stake in Safe Pro Group by 4.6% during the second quarter. Cresset Asset Management LLC now owns 144,929 shares of the company’s stock worth $399,000 after acquiring an additional 6,346 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Safe Pro Group during the 4th quarter worth about $42,000. Barclays PLC purchased a new stake in shares of Safe Pro Group during the 4th quarter worth about $44,000. Granite Investment Partners LLC acquired a new stake in Safe Pro Group during the 1st quarter worth approximately $41,000. Finally, Prospera Financial Services Inc acquired a new stake in Safe Pro Group during the 3rd quarter worth approximately $82,000.

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.