Safe Pro Group (NASDAQ:SPAI) Announces Quarterly Earnings Results

Safe Pro Group (NASDAQ:SPAI – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01, Zacks reports. Safe Pro Group had a negative net margin of 2,359.64% and a negative return on equity of 182.66%. The firm had revenue of $1.22 million for the quarter, compared to analyst estimates of $1.01 million.

Safe Pro Group Stock Down 1.4%

Shares of NASDAQ:SPAI opened at $4.35 on Friday. Safe Pro Group has a 52 week low of $2.39 and a 52 week high of $9.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.84 and a current ratio of 14.33. The company’s fifty day moving average is $4.36 and its 200-day moving average is $4.70. The company has a market capitalization of $90.87 million, a PE ratio of -6.13 and a beta of 3.00.

Get Safe Pro Group alerts:

Institutional Investors Weigh In On Safe Pro Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC acquired a new position in Safe Pro Group during the 4th quarter worth about $44,000. Price T Rowe Associates Inc. MD acquired a new position in Safe Pro Group during the 4th quarter worth about $65,000. Renaissance Technologies LLC lifted its position 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 buying an additional 12,900 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Safe Pro Group during the 3rd quarter worth about $393,000. Finally, Cresset Asset Management LLC lifted its position in Safe Pro Group by 4.6% during the 2nd quarter. Cresset Asset Management LLC now owns 144,929 shares of the company’s stock worth $399,000 after buying an additional 6,346 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Safe Pro Group in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Safe Pro Group presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

View Our Latest Report on SPAI

About Safe Pro Group

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Safe Pro Group
• 3 Stocks to Own If Gas Prices Keep Rising
• 3 Crucial Aerospace Component Makers That Analysts Love
• Alphabet’s Googlebook Brings Gemini AI to PC Hardware
• Peloton Stock Gives Back Gains After Upbeat Earnings Report

Receive News & Ratings for Safe Pro Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safe Pro Group and related companies with MarketBeat.com's FREE daily email newsletter.