Safe Pro Group Inc. (NASDAQ:SPAI – Get Free Report)’s share price fell 1.3% on Tuesday . The company traded as low as $3.58 and last traded at $3.79. 64,646 shares were traded during trading, a decline of 12% from the average daily volume of 73,416 shares. The stock had previously closed at $3.84.
Analysts Set New Price Targets
SPAI has been the topic of several recent research reports. Weiss Ratings raised Safe Pro Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. Zacks Research upgraded Safe Pro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Wall Street Zen raised Safe Pro Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.00.
Get Our Latest Stock Analysis on Safe Pro Group
Safe Pro Group Stock Down 1.3%
Safe Pro Group (NASDAQ:SPAI – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. The business had revenue of $1.22 million during the quarter, compared to the consensus estimate of $1.01 million. Safe Pro Group had a negative return on equity of 119.17% and a negative net margin of 800.91%. On average, equities analysts predict that Safe Pro Group Inc. will post -0.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Safe Pro Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Safe Pro Group in the 3rd quarter worth approximately $3,940,000. Ghisallo Capital Management LLC acquired a new position in Safe Pro Group during the 4th quarter valued at approximately $1,190,000. Tudor Investment Corp ET AL acquired a new position in Safe Pro Group during the 3rd quarter valued at approximately $1,785,000. Perkins Capital Management Inc. acquired a new position in Safe Pro Group during the 1st quarter valued at approximately $881,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Safe Pro Group in the third quarter worth $393,000.
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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