Safe Pro Group Inc. Common Stock (NASDAQ:SPAI) Shares Down 3.6% – Here’s What Happened

Shares of Safe Pro Group Inc. Common Stock (NASDAQ:SPAI) dropped 3.6% on Wednesday . The company traded as low as $3.14 and last traded at $3.18. Approximately 28,239 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 800,409 shares. The stock had previously closed at $3.30.

Safe Pro Group Inc. Common Stock Stock Performance

The company has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $3.12.

Safe Pro Group Inc. Common Stock (NASDAQ:SPAI) last issued its earnings results on Friday, March 28th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.89 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in Safe Pro Group Inc. Common Stock during the fourth quarter worth $81,000. Cresset Asset Management LLC lifted its stake in shares of Safe Pro Group Inc. Common Stock by 16.7% during the 4th quarter. Cresset Asset Management LLC now owns 120,250 shares of the company’s stock worth $461,000 after buying an additional 17,250 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Safe Pro Group Inc. Common Stock during the 4th quarter worth about $45,000.

Safe Pro Group Inc. Common Stock 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.