Safe Pro Group (NASDAQ:SPAI) Shares Down 1.3% – Should You Sell?

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) dropped 1.3% during trading on Tuesday . The stock traded as low as $3.58 and last traded at $3.79. Approximately 64,646 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 73,416 shares. The stock had previously closed at $3.84.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPAI shares. Weiss Ratings upgraded shares of Safe Pro Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 17th. Wall Street Zen upgraded shares of Safe Pro Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research raised shares of Safe Pro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Safe Pro Group has an average rating of “Moderate Buy” and an average price target of $11.00.

Safe Pro Group Stock Up 5.1%

The stock has a 50 day moving average price of $4.49 and a 200 day moving average price of $4.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.88 and a current ratio of 13.27. The company has a market capitalization of $81.47 million, a P/E ratio of -5.49 and a beta of 3.52.

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, beating the consensus estimate of ($0.15) by $0.01. The company 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%. Equities research analysts forecast that Safe Pro Group Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Safe Pro Group

Several large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new stake in shares of Safe Pro Group in the 3rd quarter worth approximately $1,785,000. Perkins Capital Management Inc. bought a new position in Safe Pro Group during the first quarter valued at $881,000. DGS Capital Management LLC bought a new position in Safe Pro Group during the fourth quarter valued at $79,000. Atlantic Union Bankshares Corp bought a new position in Safe Pro Group during the fourth quarter valued at $42,000. Finally, Forefront Wealth Management Inc. increased its position in Safe Pro Group by 122.6% in the fourth quarter. Forefront Wealth Management Inc. now owns 67,900 shares of the company’s stock worth $282,000 after buying an additional 37,400 shares during the last quarter.

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.