Koshinski Asset Management Inc. Decreases Stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

Koshinski Asset Management Inc. lessened its stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 50.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,000 shares of the company’s stock after selling 120,000 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Dragonfly Energy were worth $65,000 at the end of the most recent reporting period.

Separately, KFG Wealth Management LLC grew its holdings in shares of Dragonfly Energy by 323.3% during the fourth quarter. KFG Wealth Management LLC now owns 112,600 shares of the company’s stock worth $61,000 after purchasing an additional 86,000 shares in the last quarter. 8.19% of the stock is owned by institutional investors and hedge funds.

Dragonfly Energy Trading Up 1.3 %

Shares of DFLI stock opened at $0.83 on Friday. Dragonfly Energy Holdings Corp. has a fifty-two week low of $0.43 and a fifty-two week high of $3.25. The stock has a 50 day moving average price of $0.91 and a two-hundred day moving average price of $0.70.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 114.66%. The company had revenue of $12.51 million during the quarter, compared to the consensus estimate of $12.11 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. On average, analysts predict that Dragonfly Energy Holdings Corp. will post -0.59 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Roth Capital reissued a “buy” rating on shares of Dragonfly Energy in a report on Tuesday, April 16th. Canaccord Genuity Group boosted their price objective on Dragonfly Energy from $1.25 to $1.50 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Chardan Capital restated a “buy” rating and issued a $3.00 target price on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Roth Mkm boosted their target price on Dragonfly Energy from $0.90 to $1.50 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus boosted their target price on Dragonfly Energy from $1.00 to $1.20 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1.79.

About Dragonfly Energy

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.