ParaZero Technologies (NASDAQ:PRZO) Lowered to “Sell” Rating by Wall Street Zen

ParaZero Technologies (NASDAQ:PRZO) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ParaZero Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ParaZero Technologies Stock Performance

Shares of NASDAQ PRZO opened at $0.72 on Friday. The company has a 50 day simple moving average of $1.04 and a 200-day simple moving average of $1.25. ParaZero Technologies has a 1 year low of $0.57 and a 1 year high of $2.15.

ParaZero Technologies (NASDAQ:PRZO) last announced its quarterly earnings results on Thursday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $0.34 million for the quarter.

ParaZero Technologies Company Profile

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.