Safe Pro Group Inc (NASDAQ:SPAI) shares, rose in value on Wednesday, November 20, with price up by 39.13% to the previous day’s close as strong demand from buyers drove the stock to $3.20.
Actively observing the price movement in the last trading, the stock closed the session at $2.30, falling within a range of $2.71 and $3.6099. Referring to stock’s 52-week performance, its high was $4.89, and the low was $1.56. On the whole, SPAI has fluctuated by 55.34% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Safe Pro Group Inc currently standing at about $44.03 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
The stock’s technical analysis shows that the price of SPAI currently trading nearly 48.48% and 30.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.50, while the 7-day volatility ratio is showing 22.27% which for the 30-day chart, stands at 14.21%. Furthermore, Safe Pro Group Inc (SPAI)’s average true range (ATR) is 0.38.
Data on historical trading for Safe Pro Group Inc (NASDAQ:SPAI) indicates that the trading volumes over the past 10 days have averaged 1.33 and over the past 3 months, they’ve averaged 399.97K. According to company’s latest data on outstanding shares, there are 13.86 million shares outstanding.
Nearly 58.57% of Safe Pro Group Inc’s shares belong to company insiders and institutional investors own 0.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2694.0 shares as on 2024-10-31, resulting in a short ratio of 0.22. The stock has fallen by -25.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPAI stock heading into the next quarter.
