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

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several analysts have recently weighed in on SPAI shares. Weiss Ratings lowered shares of Safe Pro Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised Safe Pro Group from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research raised Safe Pro Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st.

Safe Pro Group Stock Performance

Shares of NASDAQ SPAI traded down $0.32 during trading hours on Tuesday, reaching $3.83. The stock had a trading volume of 34,978 shares, compared to its average volume of 327,069. The business’s fifty day moving average is $4.66 and its two-hundred day moving average is $4.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.27 and a quick ratio of 12.88. The company has a market cap of $80.01 million, a price-to-earnings ratio of -5.39 and a beta of 3.52. Safe Pro Group has a twelve month low of $2.39 and a twelve month high of $9.16.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Safe Pro Group in the 4th quarter valued at $42,000. Barclays PLC acquired a new stake in shares of Safe Pro Group during the 4th quarter worth about $44,000. Granite Investment Partners LLC bought a new position in Safe Pro Group during the 1st quarter valued at about $41,000. Price T Rowe Associates Inc. MD acquired a new position in Safe Pro Group in the fourth quarter valued at about $65,000. Finally, DGS Capital Management LLC acquired a new position in Safe Pro Group in the fourth quarter valued at about $79,000.

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.