Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Given Consensus Rating of “Buy” by Analysts

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been assigned an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1.79.

Several research analysts recently weighed in on DFLI shares. Canaccord Genuity Group boosted their price target on shares of Dragonfly Energy from $1.25 to $1.50 and gave the stock a “buy” rating in a report on Wednesday, May 15th. 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 note on Wednesday, May 15th. Roth Capital reaffirmed a “buy” rating on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Alliance Global Partners assumed coverage on Dragonfly Energy in a research report on Thursday. They issued a “buy” rating and a $1.75 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a research note on Thursday, May 16th.

Dragonfly Energy Trading Down 12.0 %

Shares of DFLI stock opened at $0.97 on Thursday. Dragonfly Energy has a 12 month low of $0.43 and a 12 month high of $4.45. The firm has a market capitalization of $58.57 million, a PE ratio of -1.79 and a beta of -0.84. The firm has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.62.

Dragonfly Energy (NASDAQ:DFLI) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $12.51 million during the quarter, compared to analysts’ expectations of $12.11 million. Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 114.66%. During the same period in the previous year, the company posted ($0.28) earnings per share. On average, equities analysts predict that Dragonfly Energy will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DFLI. Allspring Global Investments Holdings LLC bought a new stake in Dragonfly Energy in the 3rd quarter valued at about $34,000. KFG Wealth Management LLC raised its position in shares of Dragonfly Energy by 323.3% in the fourth quarter. KFG Wealth Management LLC now owns 112,600 shares of the company’s stock valued at $61,000 after purchasing an additional 86,000 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Dragonfly Energy by 100.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock valued at $130,000 after buying an additional 120,000 shares in the last quarter. Hedge funds and other institutional investors own 8.19% of the company’s stock.

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.