Koshinski Asset Management Inc. lessened its stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Free Report) 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.
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.
Read Our Latest Research Report on Dragonfly Energy
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.
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