Current movements within national security this year spotlight next-generation stocks like Safe Pro Group Inc. (SPAI: NASDAQ).
The company's focus is on protecting those who protect us all, and Safe Pro Group Inc. does it with three great business divisions.
These include:
- AI
- Drones
- Ballistic Protection
AI Landmine Detection
Safe Pro's patented SpotlightAI software platform instantly processes drone imagery to detect landmines and unexploded ordnance (UXO), utilizing an extensive proprietary dataset of over 150 types of landmines and UXO, including cluster munitions.
Drones
The existing base of initial enterprise customers includes:
- Florida Power & Light (FPL) (NextEra Energy)
- Citizens Property Insurance Corporation
- Motorola Solutions
Ballistic Protection
Safe-Pro USA is a manufacturer of advanced body armor and personal protective equipment, including vests, plates, helmets, complete Explosive Ordnance Disposal (EOD) suits, and anti-fragmentation blankets.
It supports customers around the globe, including defense, law enforcement (first responders and SWAT), and international humanitarian aid organizations.
Management
Dan Erdberg
Chairman and CEO
Mr. Dan Erdberg has over 20 years of experience as a C-Level technology executive, having led recent NASDAQ listings in the Drone, 5G, and SatCom sectors, and has served in executive capacities, including as CEO, President, and COO.
As Chairman and CEO of Safe Pro Group Inc., he has assembled the company, led strategy, built a highly experienced team of leaders and advisors, spearheaded the acquisition and development of the company's multiple operating units, and successfully raised over US$50 million in initial growth capital.
Throughout his career, Mr. Erdberg has been involved in the operation of companies involved in various sectors of technology, including software development, telecommunications, wireless networking, and unmanned aerial systems.
As the founder and leader of multiple public and private enterprises, he has built organizations from inception, gained experience with an array of technologies, and successfully conducted business with government, military, and commercial entities.
Pravin Bokar
Director and CTO (Founder & President, Safe-Pro USA)
Mr. Bokar has over 30 years' experience in the design, engineering, and manufacturing of bullet and blast-resistant personal protection equipment for the U.S. DoD.
Pravin has been responsible for the development and manufacture of body armor plates for military personnel as well as ballistic protection armor systems for Blackhawk, Chinook, and CH-53 transport helicopters for the U.S. Army, Marines, and Air Force.
Mr. Bokar received several awards and commendations. At Safe Pro USA, he has been responsible for developing over 50 bullet- and blast-resistant products.
Mr. Borkar holds a Bachelor of Technology in Chemical Engineering and a Master of Science in Composites and Plastics Engineering from the University of Massachusetts.
Managing Warfare in Today's World
The focus has shifted to "smaller is better," and Safe Pro (SPAI:NASDAQ) is laser-focused on AI, Drones, and Ballistic Protection to help national security specialists manage the reality of today's smaller-weapons world.
Shares Outstanding & Insider Ownership
With about 20,973,270 shares outstanding, recent SEC filings show management holding almost 40% of the stock.
Bullish Charts
Strong Support: Safe Pro is rising up from strong chart support in the US$3.50-US$4.00 area.
Inverse H&S Action: An impressive breakout from a bullish inverse head and shoulders bottom pattern (H&S) is in play.
These patterns often mark significant lows. There's a chart-perfect pullback to the "neckline" of the pattern.
Outstanding Oscillator Action: The key Stochastics (14,7,7 series) oscillator is oversold and turning up in the buy zone. A bullish crossover is imminent, and a big surge in trading volume would likely ignite a stunning rally.
A Close-Up View
When the charts are speaking this bullishly, is it action time for investors? I think so! Bull wedge breakouts often see rallies that carry the stock price back up to the starting point of wedge formation.
That's US$6.70 in the case of Safe Pro.
Another Look at the Short-Term Chart
Inverse H&S Action Targets Higher Prices: An exciting multi-shouldered inverse Head & Shoulders (H&S) pattern targets the US$5.28 zone in the near-immediate term.
Summary: Good technicals combined with the government's focus on national security make the chart targets look realistic and fully achievable.
Stock symbol: SPAI
Price at time of writing: Approx: US$4.54
Technical Price Targets: US$5.28, US$6.70, and US$9.00
Technical Rating: Speculative Buy
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- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Safe Pro Group Inc.
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