Safe Pro Group Inc. Common Stock (NASDAQ:SPAI) Shares Down 10.4% – Time to Sell?

Safe Pro Group Inc. Common Stock (NASDAQ:SPAI) was down 10.4% during trading on Monday . The company traded as low as $2.85 and last traded at $2.93. Approximately 54,678 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 998,935 shares. The stock had previously closed at $3.27.

Safe Pro Group Inc. Common Stock Stock Performance

The firm has a 50-day simple moving average of $3.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPAI. Cresset Asset Management LLC raised its position in Safe Pro Group Inc. Common Stock by 16.7% in the 4th quarter. Cresset Asset Management LLC now owns 120,250 shares of the company’s stock worth $461,000 after purchasing an additional 17,250 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Safe Pro Group Inc. Common Stock in the fourth quarter worth approximately $81,000. Finally, XTX Topco Ltd bought a new stake in shares of Safe Pro Group Inc. Common Stock during the 4th quarter worth approximately $45,000.

About Safe Pro Group Inc. Common Stock

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.