Dragonfly Energy (NASDAQ:DFLI) Receives “Buy” Rating from Chardan Capital

Chardan Capital restated their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a report released on Tuesday, Benzinga reports. The firm currently has a $3.00 target price on the stock.

Separately, Roth Mkm restated a buy rating and issued a $0.90 price target on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Stock Performance

NASDAQ:DFLI opened at $0.76 on Tuesday. The stock has a fifty day moving average price of $0.52 and a two-hundred day moving average price of $0.66. The stock has a market capitalization of $45.06 million, a price-to-earnings ratio of -2.80 and a beta of -0.53. Dragonfly Energy has a 1 year low of $0.43 and a 1 year high of $5.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DFLI. BlackRock Inc. increased its position in shares of Dragonfly Energy by 805.7% in the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock valued at $1,323,000 after buying an additional 794,975 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dragonfly Energy by 233.4% during the second quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock valued at $378,000 after acquiring an additional 179,013 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Dragonfly Energy by 611.9% during the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock valued at $300,000 after acquiring an additional 167,352 shares during the last quarter. State Street Corp boosted its stake in shares of Dragonfly Energy by 398.1% during the second quarter. State Street Corp now owns 181,817 shares of the company’s stock valued at $269,000 after acquiring an additional 145,317 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Dragonfly Energy by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock valued at $130,000 after acquiring an additional 120,000 shares during the last quarter. Hedge funds and other institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.