Safe Pro Group Inc (NASDAQ:SPAI) price closed higher on Monday,December 02, and jumping 11.06% above its previous close.
A look at the daily price movement shows that the last close reads $4.34, with intraday deals fluctuated between $4.65 and $5.58. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.50 and 52-week low of $1.56. The stock added 114.22% on its value in the past month.
Safe Pro Group Inc, which has a market valuation of $72.69 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that SPAI’s price is at present 64.02% off the SMA20 and 82.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.14, with weekly volatility standing at 18.81%. The indicator jumps to 17.71% when calculated based on the past 30 days. Safe Pro Group Inc (NASDAQ:SPAI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.68.
An analysis of the Safe Pro Group Inc (NASDAQ:SPAI) stock in terms of its daily trading volume indicates that the 3-month average is 1.69 million. However, this figure increases on the past 10-day timeline to an average of 9.82 million.
Current records show that the company has 13.86M in outstanding shares. The insiders’ percentage holdings are 57.11% of outstanding shares while the percentage share held by institutions stands at 0.81%. The stats also highlight that short interest as of 2024-10-31, stood at 2694.0 shares, which puts the short ratio at the time at 0.22. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.14 million. But the 12.88% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
