Safe Pro Group Inc. (NASDAQ:SPAI) Receives $10.00 Consensus PT from Analysts

Safe Pro Group Inc. (NASDAQ:SPAI) has been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

SPAI has been the topic of several research analyst reports. Wall Street Zen lowered Safe Pro Group from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Northland Securities initiated coverage on Safe Pro Group in a research report on Tuesday, September 9th. They set an “outperform” rating and a $13.00 target price on the stock. Lake Street Capital assumed coverage on shares of Safe Pro Group in a research note on Tuesday, November 18th. They issued a “buy” rating and a $9.00 price target on the stock. Northland Capmk upgraded shares of Safe Pro Group to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safe Pro Group in a report on Wednesday, October 8th.

Safe Pro Group Trading Down 5.3%

Shares of Safe Pro Group stock opened at $3.23 on Friday. The firm has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $4.95. The company has a market cap of $67.73 million, a P/E ratio of -4.31 and a beta of 3.53. Safe Pro Group has a fifty-two week low of $1.47 and a fifty-two week high of $9.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.16 and a current ratio of 7.60.

Safe Pro Group (NASDAQ:SPAI) last posted its earnings results on Friday, November 14th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.18). Safe Pro Group had a negative net margin of 968.74% and a negative return on equity of 280.18%. The business had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.10 million.

Institutional Investors Weigh In On Safe Pro Group

Several institutional investors have recently bought and sold shares of SPAI. Cresset Asset Management LLC increased its stake in Safe Pro Group by 15.2% during the 1st quarter. Cresset Asset Management LLC now owns 138,583 shares of the company’s stock worth $301,000 after buying an additional 18,333 shares in the last quarter. Forefront Wealth Partners LLC acquired a new stake in shares of Safe Pro Group in the third quarter worth approximately $214,000. Forefront Wealth Management Inc. purchased a new stake in shares of Safe Pro Group during the third quarter worth approximately $214,000. Prospera Financial Services Inc purchased a new stake in shares of Safe Pro Group during the third quarter worth approximately $82,000. Finally, Citadel Advisors LLC acquired a new position in Safe Pro Group in the 3rd quarter valued at $3,940,000.

Safe Pro Group Company Profile

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.