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

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

Several brokerages have commented on SPAI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Safe Pro Group in a report on Tuesday, April 21st. Zacks Research lowered shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th.

Safe Pro Group Stock Performance

Shares of SPAI opened at $4.23 on Monday. Safe Pro Group has a one year low of $2.39 and a one year high of $9.16. The company has a 50-day moving average of $4.28 and a two-hundred day moving average of $4.61. The stock has a market cap of $88.36 million, a price-to-earnings ratio of -5.96 and a beta of 3.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.27 and a quick ratio of 13.84.

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

Institutional Trading of Safe Pro Group

A number of hedge funds have recently made changes to their positions in the stock. Granite Investment Partners LLC purchased a new stake in shares of Safe Pro Group in the first quarter worth approximately $41,000. Perkins Capital Management Inc. purchased a new stake in shares of Safe Pro Group in the first quarter worth approximately $881,000. DGS Capital Management LLC purchased a new stake in shares of Safe Pro Group in the fourth quarter worth approximately $79,000. Tudor Investment Corp ET AL lifted its position in shares of Safe Pro Group by 9.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock worth $1,154,000 after purchasing an additional 23,018 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Safe Pro Group in the fourth quarter worth approximately $65,000.

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.