Dragonfly Energy (NASDAQ:DFLI) Announces Quarterly Earnings Results

Dragonfly Energy (NASDAQ:DFLIGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01), Zacks reports. The firm had revenue of $12.51 million during the quarter, compared to analyst estimates of $12.11 million. Dragonfly Energy had a negative net margin of 21.46% and a negative return on equity of 110.79%. During the same period in the prior year, the firm posted ($0.28) earnings per share. Dragonfly Energy updated its Q2 2024 guidance to -0.160–0.130 EPS.

Dragonfly Energy Stock Performance

NASDAQ DFLI traded down $0.22 during trading hours on Wednesday, reaching $1.02. The company’s stock had a trading volume of 1,349,148 shares, compared to its average volume of 739,357. The stock has a market cap of $61.16 million, a PE ratio of -3.85 and a beta of -0.84. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $4.45. The company’s 50-day moving average is $0.69 and its two-hundred day moving average is $0.61.

Wall Street Analysts Forecast Growth

DFLI has been the topic of several recent research reports. Chardan Capital reissued a “buy” rating and issued a $3.00 price objective on shares of Dragonfly Energy in a research note on Tuesday, April 16th. Roth Mkm upped their price target on shares of Dragonfly Energy from $0.90 to $1.50 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on shares of Dragonfly Energy from $1.25 to $1.50 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dragonfly Energy in a research note on Tuesday, April 16th.

View Our Latest Analysis on Dragonfly Energy

About Dragonfly Energy

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Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.

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Earnings History for Dragonfly Energy (NASDAQ:DFLI)

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