Dragonfly Energy’s (DFLI) “Buy” Rating Reaffirmed at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research report released on Tuesday, Benzinga reports. The firm currently has a $3.00 target price on the stock.

Separately, Roth Mkm reaffirmed a buy rating and set a $0.90 target price on shares of Dragonfly Energy in a research note on Tuesday.

Dragonfly Energy Trading Up 36.5 %

Shares of NASDAQ:DFLI opened at $0.61 on Tuesday. The firm’s 50 day moving average is $0.52 and its two-hundred day moving average is $0.66. The firm has a market capitalization of $36.58 million, a P/E ratio of -1.04 and a beta of -0.52. Dragonfly Energy has a 52 week low of $0.43 and a 52 week high of $6.35.

Institutional Investors Weigh In On Dragonfly Energy

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Dragonfly Energy by 805.7% in the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock valued at $1,323,000 after buying an additional 794,975 shares during the period. Geode Capital Management LLC grew its position in Dragonfly Energy by 233.4% during the 2nd quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock worth $378,000 after purchasing an additional 179,013 shares in the last quarter. Northern Trust Corp raised its stake in Dragonfly Energy by 611.9% during the 3rd quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock valued at $300,000 after purchasing an additional 167,352 shares during the period. State Street Corp lifted its holdings in shares of Dragonfly Energy by 398.1% in the second quarter. State Street Corp now owns 181,817 shares of the company’s stock valued at $269,000 after purchasing an additional 145,317 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Dragonfly Energy in the third quarter worth $185,000. 8.19% of the stock is currently owned by institutional investors and hedge funds.

Dragonfly Energy Company Profile

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.