Analysts Set Safe Pro Group Inc. (NASDAQ:SPAI) Target Price at $10.00

Safe Pro Group Inc. (NASDAQ:SPAI) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.00.

A number of research firms have commented on SPAI. Zacks Research raised shares of Safe Pro Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Wall Street Zen raised Safe Pro Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings downgraded Safe Pro Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd.

Safe Pro Group Stock Down 3.4%

Shares of NASDAQ SPAI opened at $3.69 on Tuesday. The firm has a market capitalization of $77.08 million, a PE ratio of -5.20 and a beta of 3.52. The company has a current ratio of 13.27, a quick ratio of 12.88 and a debt-to-equity ratio of 0.01. Safe Pro Group has a 1 year low of $2.86 and a 1 year high of $9.16. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $4.64.

Safe Pro Group (NASDAQ:SPAI) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.01 million. Equities analysts expect that Safe Pro Group will post -0.5 EPS for the current year.

Institutional Investors Weigh In On Safe Pro Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new position in Safe Pro Group during the fourth quarter worth about $42,000. Barclays PLC acquired a new position in shares of Safe Pro Group during the 4th quarter worth about $44,000. Granite Investment Partners LLC acquired a new position in shares of Safe Pro Group during the 1st quarter worth about $41,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Safe Pro Group in the 4th quarter valued at about $65,000. Finally, DGS Capital Management LLC bought a new stake in shares of Safe Pro Group in the 4th quarter valued at about $79,000.

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.