Safe Pro Group (NASDAQ:SPAI) Announces Quarterly Earnings Results

Safe Pro Group (NASDAQ:SPAI) posted its earnings results on Thursday. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.18), FiscalAI reports. The firm had revenue of $0.10 million during the quarter. Safe Pro Group had a negative net margin of 731.46% and a negative return on equity of 328.85%.

Safe Pro Group Price Performance

NASDAQ:SPAI traded down $0.17 during trading hours on Friday, hitting $4.37. The company’s stock had a trading volume of 200,274 shares, compared to its average volume of 446,144. The stock has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $4.68. Safe Pro Group has a twelve month low of $1.47 and a twelve month high of $9.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.27. The company has a market capitalization of $91.64 million, a P/E ratio of -5.46 and a beta of 3.32.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPAI shares. Litchfield Hills Research raised shares of Safe Pro Group to a “strong-buy” rating and set a $8.00 target price for the company in a research report on Thursday, July 17th. Wall Street Zen raised shares of Safe Pro Group to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a report on Wednesday, October 8th. Northland Capmk upgraded shares of Safe Pro Group to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Northland Securities started coverage on Safe Pro Group in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $13.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.50.

Institutional Investors Weigh In On Safe Pro Group

An institutional investor recently raised its position in Safe Pro Group stock. Cresset Asset Management LLC lifted its position in shares of Safe Pro Group Inc. (NASDAQ:SPAI) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,929 shares of the company’s stock after purchasing an additional 6,346 shares during the period. Cresset Asset Management LLC owned about 0.96% of Safe Pro Group worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

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.