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

Safe Pro Group (NASDAQ:SPAI) released its quarterly earnings data on Friday. The company reported ($0.14) earnings per share for the quarter, topping 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%.

Safe Pro Group Stock Performance

Shares of Safe Pro Group stock traded down $0.06 during mid-day trading on Friday, hitting $4.35. 4,944,642 shares of the stock were exchanged, compared to its average volume of 166,644. Safe Pro Group has a 12 month low of $2.39 and a 12 month high of $9.16. The company has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $4.70. 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 has a market capitalization of $90.87 million, a P/E ratio of -5.18 and a beta of 3.00.

Analysts Set New Price Targets

SPAI has been the topic of several research reports. Zacks Research downgraded shares of Safe Pro Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Safe Pro Group in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.00.

Institutional Investors Weigh In On Safe Pro Group

Several large investors have recently made changes to their positions in SPAI. Citadel Advisors LLC purchased a new stake in shares of Safe Pro Group during the 3rd quarter valued at $3,940,000. Ghisallo Capital Management LLC bought a new position in shares of Safe Pro Group during the 4th quarter valued at approximately $1,190,000. NewEdge Advisors LLC bought a new position in shares of Safe Pro Group during the 3rd quarter valued at approximately $393,000. Geode Capital Management LLC grew its position in shares of Safe Pro Group by 66.3% during the 4th quarter. Geode Capital Management LLC now owns 128,627 shares of the company’s stock valued at $535,000 after acquiring an additional 51,283 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of Safe Pro Group by 9.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock valued at $1,154,000 after acquiring an additional 23,018 shares during the period.

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. 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.