PRZO Stock Summary and Trading Ideas (Parazero Technologies Ltd. - | NASDAQ:PRZO)

ParaZero Technologies Ltd is an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems. The ParaZero SafeAir system of the comapany applies real-time data analytics to identify and mitigate flight risks autonomously and increase safety for bystanders while protecting the loss of expensive drones, equipment, and payloads.

Parazero Technologies Ltd. - trades on the NASDAQ stock market under the symbol PRZO.

As of February 5, 2025, PRZO stock price declined to $1.74 with 558,130 million shares trading.

PRZO has a beta of 0.62, meaning it tends to be less sensitive to market movements. PRZO has a correlation of 0.00 to the broad based SPY ETF.

PRZO has a market cap of $19.42 million. This is considered a Sub-Micro Cap stock.

PRZO has outperformed the market in the last year with a return of +150.7%, while the SPY ETF gained +23.4%. In the last 3 month period, PRZO beat the market returning +193.4%, while SPY returned +6.1%. However, in the most recent 2 weeks PRZO has underperformed the stock market by returning -11.2%, while SPY returned 0.0%.

PRZO support price is $1.64 and resistance is $1.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRZO shares will trade within this expected range on the day.