Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Given Average Rating of “Buy” by Brokerages

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLIGet Free Report) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $1.79.

A number of research analysts have weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of Dragonfly Energy in a research note on Tuesday, April 16th. Alliance Global Partners assumed coverage on shares of Dragonfly Energy in a research note on Thursday, May 23rd. They issued a “buy” rating and a $1.75 price target on the stock. Chardan Capital reaffirmed a “buy” rating and issued a $3.00 price target on shares of Dragonfly Energy in a research note on Tuesday, April 16th. Canaccord Genuity Group lifted their price target on shares of Dragonfly Energy from $1.25 to $1.50 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their price target on shares of Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a research note on Thursday, May 16th.

Read Our Latest Stock Report on DFLI

Dragonfly Energy Stock Performance

Shares of NASDAQ DFLI opened at $0.82 on Monday. The stock has a market cap of $49.63 million, a P/E ratio of -1.52 and a beta of -0.76. The firm has a 50 day moving average price of $0.94 and a 200 day moving average price of $0.67. Dragonfly Energy has a 52-week low of $0.43 and a 52-week high of $3.25.

Dragonfly Energy (NASDAQ:DFLIGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $12.51 million for the quarter, compared to analyst estimates of $12.11 million. Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 114.66%. During the same quarter in the prior year, the firm posted ($0.28) EPS. Analysts predict that Dragonfly Energy will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of Dragonfly Energy

A hedge fund recently raised its stake in Dragonfly Energy stock. KFG Wealth Management LLC lifted its holdings in Dragonfly Energy Holdings Corp. (NASDAQ:DFLIFree Report) by 323.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,600 shares of the company’s stock after purchasing an additional 86,000 shares during the quarter. KFG Wealth Management LLC owned 0.19% of Dragonfly Energy worth $61,000 as of its most recent SEC filing. 8.19% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Dragonfly Energy (NASDAQ:DFLI)

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