Dragonfly Energy (NASDAQ:DFLI) Receives “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research note published on Tuesday morning, Benzinga reports. Roth Mkm currently has a $0.90 price objective on the stock.

Dragonfly Energy Price Performance

Shares of NASDAQ DFLI opened at $0.61 on Tuesday. The stock has a market capitalization of $36.58 million, a price-to-earnings ratio of -1.04 and a beta of -0.52. Dragonfly Energy has a 12 month low of $0.43 and a 12 month high of $6.35. The firm’s 50 day simple moving average is $0.52 and its 200-day simple moving average is $0.66.

Institutional Investors Weigh In On Dragonfly Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Dragonfly Energy during the 3rd quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Dragonfly Energy during the 3rd quarter valued at approximately $34,000. Nuveen Asset Management LLC lifted its position in shares of Dragonfly Energy by 68.0% during the 4th quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock valued at $35,000 after buying an additional 26,068 shares in the last quarter. UBS Group AG lifted its position in shares of Dragonfly Energy by 191.4% during the 3rd quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after buying an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Dragonfly Energy by 119.0% during the 2nd quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock valued at $40,000 after buying an additional 14,864 shares in the last quarter. Institutional investors and hedge funds own 8.19% of the company’s stock.

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.