Wall Street Zen Downgrades Safe Pro Group (NASDAQ:SPAI) to Sell

Safe Pro Group (NASDAQ:SPAI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Safe Pro Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Safe Pro Group has an average rating of “Moderate Buy” and an average price target of $11.00.

Safe Pro Group Stock Performance

NASDAQ:SPAI opened at $5.37 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.76 and a quick ratio of 8.22. The business’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.45. Safe Pro Group has a fifty-two week low of $3.23 and a fifty-two week high of $9.16. The stock has a market capitalization of $109.33 million, a PE ratio of -7.36 and a beta of 3.56.

Safe Pro Group (NASDAQ:SPAI) last posted its earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $1.33 million for the quarter, compared to the consensus estimate of $1.22 million. Safe Pro Group had a negative return on equity of 107.61% and a negative net margin of 500.00%. Sell-side analysts expect that Safe Pro Group will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Safe Pro Group

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Safe Pro Group during the 2nd quarter worth approximately $317,000. GSA Capital Partners LLP acquired a new stake in shares of Safe Pro Group in the second quarter valued at approximately $97,000. Granite Investment Partners LLC acquired a new stake in shares of Safe Pro Group in the first quarter valued at approximately $41,000. Perkins Capital Management Inc. bought a new stake in shares of Safe Pro Group in the first quarter worth $881,000. Finally, DGS Capital Management LLC bought a new stake in shares of Safe Pro Group in the fourth quarter worth $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.