Dragonfly Energy (NASDAQ:DFLI) Announces Earnings Results, Beats Estimates By $0.34 EPS

Dragonfly Energy (NASDAQ:DFLI) released its quarterly earnings results on Monday. The company reported ($1.01) earnings per share for the quarter, beating the consensus estimate of ($1.35) by $0.34, Zacks reports. Dragonfly Energy had a negative net margin of 56.80% and a negative return on equity of 251.32%. The firm had revenue of $12.21 million for the quarter, compared to analysts’ expectations of $13.71 million. Dragonfly Energy updated its Q1 2025 guidance to EPS.

Dragonfly Energy Price Performance

Shares of NASDAQ DFLI opened at $1.16 on Wednesday. The business has a fifty day moving average price of $1.97 and a two-hundred day moving average price of $3.41. The stock has a market capitalization of $8.42 million, a PE ratio of -0.29 and a beta of -0.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.31. Dragonfly Energy has a fifty-two week low of $1.05 and a fifty-two week high of $13.14.

Analysts Set New Price Targets

Separately, Alliance Global Partners lowered Dragonfly Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $9.00 to $1.50 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Dragonfly Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.81.

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.