Safe Pro Group (NASDAQ:SPAI) Upgraded to Hold at Zacks Research

Safe Pro Group (NASDAQ:SPAI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Safe Pro Group in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Safe Pro Group Price Performance

Safe Pro Group stock opened at $5.96 on Monday. Safe Pro Group has a 52 week low of $2.39 and a 52 week high of $9.16. The company’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $4.60. The company has a quick ratio of 12.88, a current ratio of 13.27 and a debt-to-equity ratio of 0.01. The stock has a market cap of $124.50 million, a P/E ratio of -8.39 and a beta of 3.28.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Granite Investment Partners LLC bought a new position in shares of Safe Pro Group during the 1st quarter valued at approximately $41,000. Atlantic Union Bankshares Corp bought a new position in shares of Safe Pro Group during the 4th quarter valued at approximately $42,000. Barclays PLC bought a new position in shares of Safe Pro Group during the 4th quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD bought a new position in shares of Safe Pro Group during the 4th quarter valued at approximately $65,000. Finally, DGS Capital Management LLC bought a new position in shares of Safe Pro Group during the 4th quarter valued at approximately $79,000.

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.