Safe Pro Group Inc. (NASDAQ:SPAI) Receives $10.00 Consensus Target Price from Brokerages

Safe Pro Group Inc. (NASDAQ:SPAIGet Free Report) has earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.00.

SPAI has been the topic of a number of analyst reports. Zacks Research downgraded shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a research report on Tuesday, April 21st.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Safe Pro Group in the 4th quarter worth approximately $42,000. Barclays PLC purchased a new position in shares of Safe Pro Group in the 4th quarter worth approximately $44,000. Granite Investment Partners LLC purchased a new position in shares of Safe Pro Group in the 1st quarter worth approximately $41,000. Prospera Financial Services Inc purchased a new position in shares of Safe Pro Group in the 3rd quarter worth approximately $82,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Safe Pro Group in the 4th quarter worth approximately $65,000.

Safe Pro Group Trading Up 0.7%

NASDAQ SPAI opened at $4.23 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.84 and a current ratio of 13.27. The company has a market capitalization of $88.36 million, a price-to-earnings ratio of -5.96 and a beta of 3.00. The company’s 50-day simple moving average is $4.28 and its two-hundred day simple moving average is $4.62. Safe Pro Group has a one year low of $2.39 and a one year high of $9.16.

Safe Pro Group (NASDAQ:SPAIGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $1.22 million for the quarter, compared to the consensus estimate of $1.01 million. Safe Pro Group had a negative net margin of 800.91% and a negative return on equity of 119.17%. Equities analysts forecast that Safe Pro Group will post -0.5 EPS for the current fiscal year.

About Safe Pro Group

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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.

Further Reading

Analyst Recommendations for Safe Pro Group (NASDAQ:SPAI)

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