Safe Pro Group (NASDAQ:SPAI) Upgraded by Wall Street Zen to Hold Rating

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

SPAI has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Safe Pro Group in a research report on Tuesday, April 21st. Zacks Research upgraded Safe Pro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Safe Pro Group presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Safe Pro Group Stock Down 8.3%

Safe Pro Group stock opened at $5.51 on Friday. The stock has a market capitalization of $115.10 million, a PE ratio of -7.76 and a beta of 3.28. Safe Pro Group has a 12 month low of $2.39 and a 12 month high of $9.16. The business has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.27 and a quick ratio of 12.88.

Safe Pro Group (NASDAQ:SPAI) last issued its quarterly 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 return on equity of 119.17% and a negative net margin of 800.91%.The firm had revenue of $1.22 million during the quarter, compared to analysts’ expectations of $1.01 million. On average, analysts anticipate that Safe Pro Group will post -0.5 EPS for the current fiscal year.

Institutional Trading of Safe Pro Group

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Safe Pro Group during the third quarter worth approximately $3,940,000. Ghisallo Capital Management LLC acquired a new position in Safe Pro Group during the fourth quarter worth $1,190,000. Cresset Asset Management LLC boosted its stake in Safe Pro Group by 95.6% during the third quarter. Cresset Asset Management LLC now owns 283,485 shares of the company’s stock worth $1,990,000 after buying an additional 138,556 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in 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 worth $1,154,000 after buying an additional 23,018 shares during the last quarter. Finally, Perkins Capital Management Inc. acquired a new position in Safe Pro Group during the first quarter worth $881,000.

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.