Safe Pro Group (NASDAQ:SPAI) Downgraded to “Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Safe Pro Group (NASDAQ:SPAI – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

SPAI has been the subject of a number of other research reports. Zacks Research raised Safe Pro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Safe Pro Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.00.

View Our Latest Analysis on SPAI

Safe Pro Group Trading Up 3.3%

NASDAQ SPAI opened at $5.37 on Friday. The firm has a market cap of $109.33 million, a PE ratio of -7.36 and a beta of 3.56. Safe Pro Group has a 1-year low of $3.23 and a 1-year high of $9.16. The stock has a 50-day moving average of $4.33 and a 200-day moving average of $4.46. The company has a current ratio of 8.76, a quick ratio of 12.88 and a debt-to-equity ratio of 0.01.

Safe Pro Group (NASDAQ:SPAI – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $1.33 million for the quarter, compared to the consensus estimate of $1.22 million. Safe Pro Group had a negative return on equity of 107.61% and a negative net margin of 500.00%. As a group, sell-side analysts forecast that Safe Pro Group will post -0.55 EPS for the current year.

Institutional Trading of Safe Pro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPAI. Granite Investment Partners LLC purchased a new position in Safe Pro Group during the 1st quarter valued at $41,000. Atlantic Union Bankshares Corp bought a new position in Safe Pro Group in the 4th quarter worth $42,000. Barclays PLC purchased a new stake in shares of Safe Pro Group in the 4th quarter worth about $44,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Safe Pro Group in the 4th quarter worth about $65,000. Finally, DGS Capital Management LLC bought a new stake in shares of Safe Pro Group during the 4th quarter valued at about $79,000.

Safe Pro Group Company Profile

(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.

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