Safe Pro Group (NASDAQ:SPAI) Now Covered by Northland Securities

Key Points

• Northland Securities has initiated coverage of Safe Pro Group (NASDAQ:SPAI) with an "outperform" rating and a price target of $13.00, indicating a potential upside of 96.67% from its previous close.
• The average rating for Safe Pro Group among analysts is currently "Strong Buy" with an average target price of $10.50, following recent upgrades from various analysts.
• Safe Pro Group reported a quarterly loss of ($0.13) earnings per share and a revenue of $0.09 million, reflecting a negative net margin of 731.46% and a negative return on equity of 328.85%.

Northland Securities initiated coverage on shares of Safe Pro Group (NASDAQ:SPAI - Free Report) in a research note released on Tuesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $13.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on SPAI. Litchfield Hills Research upgraded shares of Safe Pro Group to a "strong-buy" rating and set a $8.00 price target for the company in a research report on Thursday, July 17th. Wall Street Zen raised shares of Safe Pro Group to a "hold" rating in a research note on Saturday, August 30th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, Safe Pro Group currently has an average rating of "Strong Buy" and an average target price of $10.50.

Safe Pro Group Trading Down 7.7%

Shares of SPAI traded down $0.66 during trading on Tuesday, reaching $7.95. 388,467 shares of the company traded hands, compared to its average volume of 452,428. Safe Pro Group has a twelve month low of $1.47 and a twelve month high of $9.16. The stock has a market cap of $149.54 million and a PE ratio of -9.94. The stock has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $3.48. The company has a quick ratio of 1.27, a current ratio of 1.64 and a debt-to-equity ratio of 0.06.

Safe Pro Group (NASDAQ:SPAI - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.13) earnings per share for the quarter. Safe Pro Group had a negative net margin of 731.46% and a negative return on equity of 328.85%. The company had revenue of $0.09 million for the quarter.

Institutional Trading of Safe Pro Group

A hedge fund recently raised its stake in Safe Pro Group stock. Cresset Asset Management LLC boosted its position in Safe Pro Group Inc. (NASDAQ:SPAI - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,929 shares of the company's stock after acquiring an additional 6,346 shares during the quarter. Cresset Asset Management LLC owned 0.96% of Safe Pro Group worth $399,000 at the end of the most recent quarter.

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.