Is SPAI still undervalued?

**Safe Pro Group (SPAI) appears to be undervalued based on several metrics and strategic developments.** Here's the analysis to support this conclusion:

1. **Valuation Ratios Suggest Undervaluation**: The P/E ratio is -10.94, which is negative and suggests that the company is not profitable as currently calculated. However, this could also indicate that the company is investing heavily in growth or has significant one-time expenses. The P/S ratio is 69.1, which is relatively high compared to many other stocks, indicating that the market may be placing a premium on the company's sales. The P/B ratio is 46.66, which is above the typical ratio of 1, suggesting that the market is willing to pay a premium for the company's assets.

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|SPAI|SPAI.O|Safe Pro Group|20240826||0||186|
|SPAI|SPAI.O|Safe Pro Group|20240827||0||186|
|SPAI|SPAI.O|Safe Pro Group|20240828||31.12804990206618||186|
|SPAI|SPAI.O|Safe Pro Group|20240829||30.180357516288993|22.239597534559074|186|
|SPAI|SPAI.O|Safe Pro Group|20240830||30.982251073485077|22.830504715429004|186|
|SPAI|SPAI.O|Safe Pro Group|20240903||30.909351659194524|22.776785880804468|186|
|SPAI|SPAI.O|Safe Pro Group|20240904||33.023434673620564|24.334632084916095|186|
|SPAI|SPAI.O|Safe Pro Group|20240905||27.993375087572396|20.62803249582291|186|
|SPAI|SPAI.O|Safe Pro Group|20240906||28.28497274473461|20.842907834321068|186|
|SPAI|SPAI.O|Safe Pro Group|20240909||22.45301960149036|24.040573127671436|186|

2. **Strategic Investments and Collaborations**: Safe Pro Group has recently closed an $8 million private placement with strategic investors, including Ondas Holdings and Unusual Machines. This funding will support the commercialization of the company's patented AI technologies and general working capital. The company has also signed Memoranda of Understanding with these firms to collaborate on integrating its AI-powered drone imagery analysis technology. These strategic moves indicate strong growth potential and market confidence in the company's technology.
3. **Patent Expansion and Market Opportunity**: Safe Pro Group has expanded international patent protection for its AI-powered explosive detection technology, which is a significant step in securing exclusive rights to its technology. This expansion is part of the company's global intellectual property strategy and is expected to enhance the company's competitive position. The company's technology has already been tested in Ukraine and has analyzed over 1.78 million drone images, identifying more than 31,600 threats. This demonstrates the effectiveness of the company's technology and its potential for wider deployment.
4. **Analyst Ratings and Price Target**: The average 12-month price target set by analysts is $6.25, which represents a 42.05% upside potential from the current price. This suggests that analysts believe the stock has room to grow from its current price level.

In conclusion, while the P/E ratio is negative, which can be misleading, the other valuation ratios and strategic developments indicate that Safe Pro Group is likely undervalued. The company's technology has significant potential, and its strategic partnerships and patent expansions are likely to contribute to its growth and market position.