Electra Battery Materials (NASDAQ:ELBM – Get Free Report) and Dragonfly Energy (NASDAQ:DFLI – Get Free Report) are both small-cap basic materials companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, earnings, analyst recommendations, dividends, profitability, institutional ownership and valuation.
Valuation & Earnings
This table compares Electra Battery Materials and Dragonfly Energy’s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Electra Battery Materials | N/A | N/A | -$47.90 million | ($0.94) | -0.74 |
| Dragonfly Energy | $52.04 million | 0.64 | -$13.82 million | ($0.54) | -1.00 |
Dragonfly Energy has higher revenue and earnings than Electra Battery Materials. Dragonfly Energy is trading at a lower price-to-earnings ratio than Electra Battery Materials, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Electra Battery Materials | 0 | 0 | 1 | 1 | 3.50 |
| Dragonfly Energy | 0 | 0 | 6 | 0 | 3.00 |
Electra Battery Materials currently has a consensus target price of $1.40, indicating a potential upside of 102.46%. Dragonfly Energy has a consensus target price of $1.79, indicating a potential upside of 230.69%. Given Dragonfly Energy’s higher possible upside, analysts plainly believe Dragonfly Energy is more favorable than Electra Battery Materials.
Insider & Institutional Ownership
32.9% of Electra Battery Materials shares are owned by institutional investors. Comparatively, 8.2% of Dragonfly Energy shares are owned by institutional investors. 22.7% of Electra Battery Materials shares are owned by company insiders. Comparatively, 28.4% of Dragonfly Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares Electra Battery Materials and Dragonfly Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Electra Battery Materials | N/A | -16.87% | -9.73% |
| Dragonfly Energy | -50.04% | -114.66% | -33.49% |
Volatility and Risk
Electra Battery Materials has a beta of 2.56, indicating that its stock price is 156% more volatile than the S&P 500. Comparatively, Dragonfly Energy has a beta of -0.78, indicating that its stock price is 178% less volatile than the S&P 500.
Summary
Electra Battery Materials beats Dragonfly Energy on 8 of the 14 factors compared between the two stocks.
About Electra Battery Materials
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain. The company was formerly known as First Cobalt Corp. and changed its name to Electra Battery Materials Corporation in December 2021. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada.
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. It also offers battery management systems for monitoring and controlling of battery systems and to protect battery cells from damage in various scenarios. The company provides its products under the Dragonfly Energy, Battle Born, and Wakespeed brand names. Dragonfly Energy Holdings Corp. is headquartered in Reno, Nevada.
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