Roth Mkm Reaffirms “Buy” Rating for Dragonfly Energy (NASDAQ:DFLI)

Roth Mkm reissued their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research report report published on Tuesday, Benzinga reports. The firm currently has a $0.90 price target on the stock.

Dragonfly Energy Stock Performance

Dragonfly Energy stock opened at $0.76 on Tuesday. The stock has a market cap of $45.06 million, a PE ratio of -2.80 and a beta of -0.53. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $5.55. The firm’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.66.

Institutional Trading of Dragonfly Energy

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Dragonfly Energy by 805.7% in the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock worth $1,323,000 after purchasing an additional 794,975 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dragonfly Energy by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 887,161 shares of the company’s stock worth $1,366,000 after buying an additional 84,213 shares during the last quarter. Geode Capital Management LLC grew its position in Dragonfly Energy by 233.4% during the second quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock valued at $378,000 after buying an additional 179,013 shares during the period. Koshinski Asset Management Inc. increased its holdings in Dragonfly Energy by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock worth $130,000 after buying an additional 120,000 shares during the last quarter. Finally, Northern Trust Corp raised its position in Dragonfly Energy by 611.9% in the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock worth $300,000 after acquiring an additional 167,352 shares during the period. 8.19% of the stock is owned by hedge funds and other institutional investors.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.