Dragonfly Energy (NASDAQ:DFLI) PT Raised to $1.20

Dragonfly Energy (NASDAQ:DFLI) had its price target raised by Stifel Nicolaus from $1.00 to $1.20 in a report released on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Roth Mkm upped their price objective on Dragonfly Energy from $0.90 to $1.50 and gave the company a buy rating in a research note on Wednesday, May 15th. Roth Capital reiterated a buy rating on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Canaccord Genuity Group lifted their price objective on Dragonfly Energy from $1.25 to $1.50 and gave the company a buy rating in a report on Wednesday, May 15th. Finally, 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Dragonfly Energy currently has a consensus rating of Buy and an average price target of $1.80.

Dragonfly Energy Price Performance

Shares of DFLI stock opened at $1.12 on Thursday. Dragonfly Energy has a one year low of $0.43 and a one year high of $4.45. The stock has a fifty day moving average price of $0.72 and a 200 day moving average price of $0.62. The stock has a market cap of $67.77 million, a P/E ratio of -2.07 and a beta of -0.84.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business had revenue of $12.51 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted ($0.28) EPS. Equities research analysts anticipate that Dragonfly Energy will post -0.55 EPS for the current year.

Institutional Investors Weigh In On Dragonfly Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of DFLI. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dragonfly Energy in the third quarter valued at $34,000. Koshinski Asset Management Inc. grew its holdings in Dragonfly Energy by 100.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock worth $130,000 after acquiring an additional 120,000 shares during the last quarter. Finally, KFG Wealth Management LLC increased its position in Dragonfly Energy by 323.3% in the 4th quarter. KFG Wealth Management LLC now owns 112,600 shares of the company’s stock valued at $61,000 after acquiring an additional 86,000 shares in the last quarter. 8.19% of the stock is owned by institutional investors and hedge funds.

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.