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

Safe Pro Group Inc. (NASDAQ:SPAI) has received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.00.

A number of research firms have weighed in on SPAI. Wall Street Zen raised shares of Safe Pro Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Safe Pro Group in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Safe Pro Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st.

Safe Pro Group Stock Performance

NASDAQ SPAI opened at $4.83 on Friday. The company has a market capitalization of $100.90 million, a price-to-earnings ratio of -6.80 and a beta of 3.28. The stock has a fifty day simple moving average of $4.64 and a 200 day simple moving average of $4.67. The company has a quick ratio of 12.88, a current ratio of 13.27 and a debt-to-equity ratio of 0.01. 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 released its earnings results on Friday, May 15th. The company reported ($0.14) earnings per share 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 net margin of 800.91% and a negative return on equity of 119.17%. Sell-side analysts expect that Safe Pro Group will post -0.5 EPS for the current year.

Institutional Investors Weigh In On Safe Pro Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Granite Investment Partners LLC bought a new stake in shares of Safe Pro Group during the 1st quarter valued at about $41,000. Perkins Capital Management Inc. bought a new stake in shares of Safe Pro Group during the 1st quarter valued at about $881,000. DGS Capital Management LLC acquired a new stake in shares of Safe Pro Group during the 4th quarter worth approximately $79,000. Tudor Investment Corp ET AL grew its position in shares of Safe Pro Group by 9.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock worth $1,154,000 after buying an additional 23,018 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Safe Pro Group during the 4th quarter worth approximately $65,000.

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.