Safe Pro Group Inc. (NASDAQ:SPAI) Given Consensus Rating of “Moderate Buy” by Analysts

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

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

Institutional Investors Weigh In On Safe Pro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPAI. Citadel Advisors LLC bought a new stake in Safe Pro Group during the 3rd quarter valued at about $3,940,000. Ghisallo Capital Management LLC bought a new stake in Safe Pro Group during the 4th quarter valued at about $1,190,000. Tudor Investment Corp ET AL bought a new stake in Safe Pro Group during the 3rd quarter valued at about $1,785,000. Perkins Capital Management Inc. bought a new stake in Safe Pro Group during the 1st quarter valued at about $881,000. Finally, Cresset Asset Management LLC lifted its holdings in Safe Pro Group by 95.6% during the 3rd quarter. Cresset Asset Management LLC now owns 283,485 shares of the company’s stock valued at $1,990,000 after buying an additional 138,556 shares in the last quarter.

Safe Pro Group Price Performance

Safe Pro Group stock opened at $4.81 on Friday. The firm has a 50-day moving average price of $4.60 and a 200-day moving average price of $4.67. The firm has a market capitalization of $100.48 million, a PE ratio of -6.77 and a beta of 3.28. 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 12-month low of $2.39 and a 12-month high of $9.16.

Safe Pro Group (NASDAQ:SPAI) last released its earnings results on Friday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. The firm had revenue of $1.22 million during the quarter, compared to analyst estimates of $1.01 million. Safe Pro Group had a negative net margin of 800.91% and a negative return on equity of 119.17%. As a group, equities research analysts forecast that Safe Pro Group will post -0.5 EPS for the current year.

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.