Dragonfly Energy (NASDAQ:DFLI) Upgraded to “Sell” at Wall Street Zen

Dragonfly Energy (NASDAQ:DFLI) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also weighed in on DFLI. Weiss Ratings restated a “sell (e+)” rating on shares of Dragonfly Energy in a research report on Friday, May 1st. Canaccord Genuity Group cut their target price on shares of Dragonfly Energy from $22.50 to $3.25 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Zacks Research downgraded shares of Dragonfly Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.25.

Dragonfly Energy Trading Down 1.7%

Shares of DFLI stock opened at $1.73 on Friday. The stock’s fifty day moving average price is $1.99 and its two-hundred day moving average price is $3.25. The company has a market cap of $22.16 million, a PE ratio of -0.07 and a beta of 0.21. Dragonfly Energy has a fifty-two week low of $1.50 and a fifty-two week high of $26.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.95 and a current ratio of 2.41.

Dragonfly Energy (NASDAQ:DFLI) last issued its earnings results on Thursday, May 14th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.12). The business had revenue of $9.70 million during the quarter, compared to analysts’ expectations of $9.48 million. Equities analysts predict that Dragonfly Energy will post -1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Dragonfly Energy

A number of large investors have recently bought and sold shares of DFLI. Alyeska Investment Group L.P. acquired a new stake in Dragonfly Energy in the fourth quarter worth $2,285,000. Essex Investment Management Co. LLC acquired a new stake in Dragonfly Energy in the fourth quarter worth $602,000. Jane Street Group LLC acquired a new stake in Dragonfly Energy in the fourth quarter worth $266,000. Legato Capital Management LLC acquired a new stake in Dragonfly Energy in the fourth quarter worth $185,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in Dragonfly Energy in the fourth quarter worth $163,000. 8.19% of the stock is currently owned by institutional investors and hedge funds.

About Dragonfly Energy

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.