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

Zacks Research upgraded shares of Safe Pro Group (NASDAQ:SPAIFree Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

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

Check Out Our Latest Report on Safe Pro Group

Safe Pro Group Stock Down 4.2%

SPAI stock opened at $5.96 on Monday. The company’s 50 day moving average price is $4.30 and its 200 day moving average price is $4.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.88 and a current ratio of 13.27. Safe Pro Group has a fifty-two week low of $2.39 and a fifty-two week high of $9.16. The firm has a market capitalization of $124.50 million, a price-to-earnings ratio of -8.39 and a beta of 3.28.

Safe Pro Group (NASDAQ:SPAIGet Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.01 million. On average, equities research analysts anticipate that Safe Pro Group will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Safe Pro Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Granite Investment Partners LLC acquired a new position in Safe Pro Group in the first quarter valued at approximately $41,000. Atlantic Union Bankshares Corp acquired a new position in Safe Pro Group in the fourth quarter valued at approximately $42,000. Barclays PLC acquired a new position in Safe Pro Group in the fourth quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD acquired a new position in Safe Pro Group in the fourth quarter valued at approximately $65,000. Finally, DGS Capital Management LLC acquired a new position in Safe Pro Group in the fourth quarter valued at approximately $79,000.

Safe Pro Group Company Profile

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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.

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