Wall Street Zen Upgrades Safe Pro Group (NASDAQ:SPAI) to “Hold”

Safe Pro Group (NASDAQ:SPAI) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Litchfield Hills Research upgraded shares of Safe Pro Group to a “strong-buy” rating and set a $8.00 target price on the stock in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average target price of $8.00.

Safe Pro Group Price Performance

Shares of Safe Pro Group stock opened at $6.70 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.27 and a current ratio of 1.64. The firm’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $3.25. Safe Pro Group has a twelve month low of $1.47 and a twelve month high of $7.39. The firm has a market cap of $108.34 million and a P/E ratio of -8.37.

Safe Pro Group (NASDAQ:SPAI) last issued its earnings results on Thursday, August 14th. The company reported ($0.13) earnings per share for the quarter. Safe Pro Group had a negative net margin of 731.46% and a negative return on equity of 328.85%. The business had revenue of $0.09 million for the quarter.

Hedge Funds Weigh In On Safe Pro Group

A hedge fund recently raised its stake in Safe Pro Group stock. Cresset Asset Management LLC grew its stake in Safe Pro Group Inc. (NASDAQ:SPAI) by 15.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,583 shares of the company’s stock after acquiring an additional 18,333 shares during the period. Cresset Asset Management LLC owned 0.91% of Safe Pro Group worth $301,000 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.