Safe Pro Group (NASDAQ:SPAI – Get Free Report) posted its earnings results on Friday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01), Zacks reports. Safe Pro Group had a negative return on equity of 119.17% and a negative net margin of 800.91%.
Safe Pro Group Trading Up 37.7%
NASDAQ:SPAI traded up $1.69 on Friday, reaching $6.17. 7,003,367 shares of the stock traded hands, compared to its average volume of 328,880. The company has a current ratio of 13.27, a quick ratio of 12.88 and a debt-to-equity ratio of 0.01. Safe Pro Group has a 1-year low of $3.23 and a 1-year high of $9.16. The company’s 50 day moving average is $4.30 and its 200-day moving average is $4.44. The firm has a market capitalization of $128.89 million, a price-to-earnings ratio of -8.69 and a beta of 3.56.
Institutional Investors Weigh In On Safe Pro Group
A number of institutional investors have recently modified their holdings of SPAI. Barclays PLC bought a new position in Safe Pro Group during the fourth quarter worth $44,000. Price T Rowe Associates Inc. MD bought a new stake in Safe Pro Group during the fourth quarter valued at $65,000. NewEdge Advisors LLC bought a new stake in Safe Pro Group during the third quarter valued at $393,000. Renaissance Technologies LLC grew its holdings in Safe Pro Group by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 77,500 shares of the company’s stock worth $322,000 after acquiring an additional 12,900 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Safe Pro Group by 66.3% in the 4th quarter. Geode Capital Management LLC now owns 128,627 shares of the company’s stock worth $535,000 after acquiring an additional 51,283 shares in the last quarter.
Analysts Set New Price Targets
Read Our Latest Stock Report on Safe Pro Group
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. 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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