Why These Defense Stocks Are Declining This Week

2. ParaZero Technologies Ltd. (NASDAQ:PRZO)

Weekly Decline: -17.40%

ParaZero Technologies Ltd. (NASDAQ:PRZO) is an Israel-based aerospace company that provides safety systems for defense Counter UAS systems and commercial unmanned aircraft.

The stock has plunged 66% year-to-date, with a share price decline of 29.05% during the week of February 24, and now another 17.40% slump over the past week. As a result, the company has made the list of declining defense stocks two weeks in a row.

ParaZero Technologies Ltd. (NASDAQ:PRZO) risks another non-compliance warning from NASDAQ with a potential delisting warning, as its minimum bid price has again fallen below the $1 mark.

Moreover, last month, ParaZero Technologies Ltd. (NASDAQ:PRZO) announced preliminary, unaudited results for fiscal 2024, which reflected a weakening liquidity position, with cash and cash equivalents declining by 43% from the previous fiscal year.