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.
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.
