Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Get Free Report) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $1.79.
Several equities analysts have recently commented on the company. Alliance Global Partners initiated coverage on Dragonfly Energy in a research report on Thursday, May 23rd. They issued a “buy” rating and a $1.75 price objective on the stock. Canaccord Genuity Group lifted their target price 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 reaffirmed a “buy” rating and issued a $3.00 target price on shares of Dragonfly Energy in a report on Tuesday, April 16th. Roth Mkm lifted their target price on Dragonfly Energy from $0.90 to $1.50 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their target price on Dragonfly Energy from $1.00 to $1.20 and gave the stock a “buy” rating in a report on Thursday, May 16th.
View Our Latest Analysis on Dragonfly Energy
Institutional Investors Weigh In On Dragonfly Energy
Dragonfly Energy Stock Down 4.3 %
Shares of Dragonfly Energy stock opened at $0.62 on Tuesday. The stock’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $0.73. Dragonfly Energy has a 52 week low of $0.43 and a 52 week high of $2.16. The company has a market capitalization of $37.91 million, a price-to-earnings ratio of -1.15 and a beta of -0.78.
Dragonfly Energy (NASDAQ:DFLI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.17) EPS 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 business had revenue of $12.51 million during the quarter, compared to analysts’ expectations of $12.11 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. On average, equities analysts expect that Dragonfly Energy will post -0.59 earnings per share for the current year.
Dragonfly Energy Company Profile
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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