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

Safe Pro Group Inc. (NASDAQ:SPAI) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.00.

Several analysts have issued reports on SPAI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a report on Tuesday, April 21st. Wall Street Zen upgraded Safe Pro Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Zacks Research raised Safe Pro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st.

Safe Pro Group Trading Up 4.5%

Shares of SPAI stock opened at $5.37 on Friday. The stock has a market cap of $112.18 million, a P/E ratio of -7.56 and a beta of 3.28. The company has a quick ratio of 12.88, a current ratio of 13.27 and a debt-to-equity ratio of 0.01. Safe Pro Group has a fifty-two week low of $2.39 and a fifty-two week high of $9.16. The business has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.66.

Safe Pro Group (NASDAQ:SPAI) last released its quarterly earnings data 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 business had revenue of $1.22 million for the quarter, compared to analyst estimates of $1.01 million. On average, analysts forecast that Safe Pro Group will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of Safe Pro Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new stake in Safe Pro Group during the 4th quarter worth about $42,000. Barclays PLC acquired a new stake in shares of Safe Pro Group during the 4th quarter worth about $44,000. Granite Investment Partners LLC acquired a new stake in shares of Safe Pro Group during the 1st quarter worth about $41,000. Prospera Financial Services Inc purchased a new stake in shares of Safe Pro Group during the third quarter worth about $82,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Safe Pro Group during the fourth quarter worth about $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.