ParaZero Technologies (NASDAQ:PRZO) Posts Earnings Results

ParaZero Technologies (NASDAQ:PRZO) posted its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, reports. The company had revenue of $0.53 million for the quarter.

ParaZero Technologies Trading Down 2.8%

Shares of PRZO stock opened at $0.78 on Friday. ParaZero Technologies has a 12 month low of $0.38 and a 12 month high of $1.90. The stock has a 50-day moving average price of $0.55 and a 200 day moving average price of $0.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

ParaZero Technologies Company Profile

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.