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Safe Pro Group Inc. (NASDAQ:SPAI) Given Consensus Rating of "Moderate Buy" by Analysts

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Key Points

  • Consensus "Moderate Buy": Five analysts covering Safe Pro Group give a consensus rating of "Moderate Buy" (two sell, one buy, two strong buy) with an average 12‑month target price of $10.00.
  • Board-approved share repurchase: The company authorized a $3.0 million buyback (up to ~4.4% of outstanding shares), a move typically interpreted as management signaling the stock may be undervalued.
  • Stock profile and volatility: SPAI opened at $3.74, has a market cap of $78.4M, a negative P/E (-4.99), a 1‑year range of $1.47–$9.16, and a high beta (3.59), indicating elevated price volatility.
  • MarketBeat previews top five stocks to own in May.

Shares of Safe Pro Group Inc. (NASDAQ:SPAI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.00.

A number of equities research analysts recently commented on SPAI shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Safe Pro Group in a report on Thursday, January 22nd. Zacks Research cut shares of Safe Pro Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 5th.

Read Our Latest Analysis on SPAI

Safe Pro Group Price Performance

NASDAQ SPAI opened at $3.74 on Friday. The stock's fifty day moving average price is $4.79 and its 200 day moving average price is $5.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.60 and a quick ratio of 7.16. The company has a market cap of $78.44 million, a price-to-earnings ratio of -4.99 and a beta of 3.59. Safe Pro Group has a 1 year low of $1.47 and a 1 year high of $9.16.

Safe Pro Group announced that its board has authorized a share buyback program on Thursday, December 18th that allows the company to repurchase $3.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Safe Pro Group

Several hedge funds have recently added to or reduced their stakes in SPAI. Cresset Asset Management LLC grew 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 purchasing an additional 6,346 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Safe Pro Group in the 4th quarter valued at about $42,000. Barclays PLC purchased a new stake in shares of Safe Pro Group in the fourth quarter worth about $44,000. Prospera Financial Services Inc purchased a new stake in shares of Safe Pro Group in the third quarter worth about $82,000. Finally, Renaissance Technologies LLC grew its holdings in Safe Pro Group by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 77,500 shares of the company's stock worth $322,000 after acquiring an additional 12,900 shares during the period.

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.

See Also

Analyst Recommendations for Safe Pro Group (NASDAQ:SPAI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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