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

Shares of Safe Pro Group Inc. (NASDAQ:SPAI) have received an average rating of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.00.

Several brokerages recently weighed in on SPAI. Lake Street Capital assumed coverage on shares of Safe Pro Group in a research report on Tuesday, November 18th. They set a “buy” rating and a $9.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Safe Pro Group in a report on Wednesday, October 8th. Wall Street Zen cut Safe Pro Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Northland Securities initiated coverage on Safe Pro Group in a research report on Tuesday, September 9th. They set an “outperform” rating and a $13.00 price objective on the stock. Finally, Northland Capmk raised Safe Pro Group to a “strong-buy” rating in a report on Tuesday, September 9th.

Safe Pro Group Price Performance

Shares of SPAI opened at $4.38 on Friday. The company has a market cap of $91.85 million, a price-to-earnings ratio of -5.84 and a beta of 3.53. The company has a current ratio of 7.60, a quick ratio of 7.16 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $4.92. Safe Pro Group has a 1-year low of $1.47 and a 1-year high of $9.16.

Safe Pro Group (NASDAQ:SPAI) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.18). The company had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.10 million. Safe Pro Group had a negative net margin of 968.74% and a negative return on equity of 280.18%.

Institutional Trading of Safe Pro Group

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in Safe Pro Group during the 3rd quarter valued at $3,940,000. Tudor Investment Corp ET AL bought a new stake in shares of Safe Pro Group during the third quarter worth about $1,785,000. Cresset Asset Management LLC raised its holdings in shares of Safe Pro Group by 95.6% in the 3rd quarter. Cresset Asset Management LLC now owns 283,485 shares of the company’s stock worth $1,990,000 after acquiring an additional 138,556 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Safe Pro Group in the 3rd quarter worth about $393,000. Finally, Forefront Wealth Management Inc. bought a new position in Safe Pro Group in the 3rd quarter valued at about $214,000.

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.