ParaZero Technologies (NASDAQ:PRZO) Trading Up 5.6% – Still a Buy?

ParaZero Technologies Ltd. (NASDAQ:PRZO) shares were up 5.6% during trading on Thursday . The company traded as high as $0.5199 and last traded at $0.5079. Approximately 392,494 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 560,429 shares. The stock had previously closed at $0.4810.

Analysts Set New Price Targets

A number of research analysts recently commented on PRZO shares. Wall Street Zen lowered shares of ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded shares of ParaZero Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

ParaZero Technologies Trading Up 18.1%

The stock’s 50-day simple moving average is $0.75 and its 200-day simple moving average is $1.06.

ParaZero Technologies (NASDAQ:PRZO) last announced its earnings results on Thursday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $0.34 million for the quarter.

ParaZero Technologies Company Profile

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.