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

Safe Pro Group Inc. (NASDAQ:SPAI) has received an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.00.

Several equities research analysts recently commented on the company. Northland Securities initiated coverage on Safe Pro Group in a research report on Tuesday, September 9th. They set an “outperform” rating and a $13.00 price objective on the stock. Wall Street Zen upgraded shares of Safe Pro Group to a “hold” rating in a research note on Saturday, August 30th. Lake Street Capital initiated coverage on shares of Safe Pro Group in a research note on Tuesday. They issued a “buy” rating and a $9.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Safe Pro Group in a report on Wednesday, October 8th. Finally, Northland Capmk upgraded shares of Safe Pro Group to a “strong-buy” rating in a report on Tuesday, September 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPAI. Cresset Asset Management LLC grew its stake in shares of Safe Pro Group by 15.2% during the 1st quarter. Cresset Asset Management LLC now owns 138,583 shares of the company’s stock valued at $301,000 after purchasing an additional 18,333 shares during the period. Forefront Wealth Partners LLC purchased a new position in shares of Safe Pro Group in the third quarter worth approximately $214,000. Forefront Wealth Management Inc. bought a new stake in Safe Pro Group during the third quarter valued at approximately $214,000. Prospera Financial Services Inc bought a new stake in Safe Pro Group during the third quarter valued at approximately $82,000. Finally, Citadel Advisors LLC purchased a new stake in Safe Pro Group during the third quarter valued at approximately $3,940,000.

Safe Pro Group Stock Up 2.3%

Shares of NASDAQ SPAI traded up $0.11 during midday trading on Tuesday, hitting $4.84. The stock had a trading volume of 95,386 shares, compared to its average volume of 220,110. The business’s 50 day moving average is $6.72 and its 200-day moving average is $4.71. Safe Pro Group has a 52 week low of $1.47 and a 52 week high of $9.16. The company has a quick ratio of 1.27, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $101.49 million, a P/E ratio of -6.48 and a beta of 3.33.

Safe Pro Group (NASDAQ:SPAI) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.18). The business had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.10 million. Safe Pro Group had a negative net margin of 968.74% and a negative return on equity of 405.35%.

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.