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

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.00.

SPAI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Safe Pro Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded Safe Pro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Weiss Ratings lowered Safe Pro Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd.

Hedge Funds Weigh In On Safe Pro Group

A number of institutional investors and hedge funds have recently bought and sold shares of SPAI. Citadel Advisors LLC bought a new stake in Safe Pro Group in the 3rd quarter valued at $3,940,000. Ghisallo Capital Management LLC acquired a new position in shares of Safe Pro Group during the fourth quarter valued at about $1,190,000. Tudor Investment Corp ET AL raised its position in shares of Safe Pro Group by 9.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock valued at $1,154,000 after buying an additional 23,018 shares during the last quarter. Perkins Capital Management Inc. bought a new stake in shares of Safe Pro Group in the first quarter valued at about $881,000. Finally, Cresset Asset Management LLC lifted its stake in shares of Safe Pro Group by 4.6% in the second quarter. Cresset Asset Management LLC now owns 144,929 shares of the company’s stock valued at $399,000 after buying an additional 6,346 shares during the period.

Safe Pro Group Stock Down 7.7%

NASDAQ:SPAI traded down $0.32 during trading hours on Tuesday, reaching $3.83. The company’s stock had a trading volume of 34,978 shares, compared to its average volume of 327,069. 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 one year low of $2.39 and a one year high of $9.16. The business’s 50-day moving average is $4.66 and its 200-day moving average is $4.64.

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

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.