Safe Pro Group (NASDAQ:SPAI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen has upgraded Safe Pro Group (NASDAQ:SPAI) to a "hold" rating, reflecting a cautious outlook on the stock's performance.
• Litchfield Hills Research has granted Safe Pro Group a "strong-buy" rating with a target price of $8.00, which aligns with the overall consensus rating of "Strong Buy."
• Safe Pro Group reported significant financial challenges, including a negative net margin of 731.46% and a negative return on equity of 328.85% for the recent quarter.

Safe Pro Group (NASDAQ:SPAI - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a report released on Saturday.

Separately, Litchfield Hills Research upgraded Safe Pro Group to a "strong-buy" rating and set a $8.00 price objective on the stock in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus price target of $8.00.

Safe Pro Group Stock Performance

NASDAQ SPAI traded down $0.05 during mid-day trading on Friday, reaching $6.58. 291,071 shares of the stock were exchanged, compared to its average volume of 377,744. The business's 50 day moving average is $4.11 and its 200-day moving average is $3.33. Safe Pro Group has a 1 year low of $1.47 and a 1 year high of $7.39. The company has a market capitalization of $106.40 million and a P/E ratio of -8.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.27 and a current ratio of 1.64.

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 (EPS) for the quarter. Safe Pro Group had a negative return on equity of 328.85% and a negative net margin of 731.46%.The firm had revenue of $0.09 million for the quarter.

Hedge Funds Weigh In On Safe Pro Group

An institutional investor recently raised its position in Safe Pro Group stock. Cresset Asset Management LLC lifted its stake in shares of Safe Pro Group Inc. (NASDAQ:SPAI - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,583 shares of the company's stock after acquiring an additional 18,333 shares during the quarter. Cresset Asset Management LLC owned 0.91% of Safe Pro Group worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

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.