Safe Pro Group (NASDAQ:SPAI) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Safe Pro Group's stock (NASDAQ:SPAI) has been given a "Sell (D-)" rating by Weiss Ratings, indicating concerns over its performance.
• Despite the negative rating from Weiss, other analysts including Northland Capital Markets have issued a "strong-buy" rating and target prices ranging from $8.00 to $13.00 for the stock.
• As of the last quarter, Safe Pro Group reported a loss of $0.13 per share and a revenue of only $0.09 million, highlighting ongoing financial struggles.

Safe Pro Group (NASDAQ:SPAI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on SPAI. Northland Capmk raised shares of Safe Pro Group to a "strong-buy" rating in a research report on Tuesday, September 9th. Northland Securities began coverage on shares of Safe Pro Group in a research report on Tuesday, September 9th. They issued an "outperform" rating and a $13.00 price objective on the stock. Litchfield Hills Research raised shares of Safe Pro Group to a "strong-buy" rating and set a $8.00 price objective on the stock in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of Safe Pro Group to a "hold" rating in a report on Saturday, August 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Safe Pro Group presently has an average rating of "Buy" and a consensus target price of $10.50.

Safe Pro Group Stock Performance

Shares of SPAI stock opened at $7.37 on Wednesday. The company's fifty day simple moving average is $6.01 and its 200-day simple moving average is $3.95. The company has a quick ratio of 1.27, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $138.63 million, a PE ratio of -9.21 and a beta of 3.46. Safe Pro Group has a 12 month low of $1.47 and a 12 month high of $9.16.

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

Hedge Funds Weigh In On Safe Pro Group

A hedge fund recently raised its stake in Safe Pro Group stock. Cresset Asset Management LLC increased its position in shares of Safe Pro Group Inc. (NASDAQ:SPAI - Free Report) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,929 shares of the company's stock after buying an additional 6,346 shares during the period. Cresset Asset Management LLC owned 0.96% of Safe Pro Group worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

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.

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