Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives $1.74 Consensus PT from Brokerages

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been given an average recommendation of “Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $1.74.

Separately, Canaccord Genuity Group cut their price objective on Dragonfly Energy from $1.50 to $1.25 and set a “buy” rating for the company in a research report on Friday, November 15th.

Dragonfly Energy Stock Down 7.5 %

DFLI opened at $0.37 on Friday. The stock has a market capitalization of $23.19 million, a P/E ratio of -0.88 and a beta of -0.83. Dragonfly Energy has a 12 month low of $0.33 and a 12 month high of $1.46. The business has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.31.

Institutional Investors Weigh In On Dragonfly Energy

A number of institutional investors have recently bought and sold shares of DFLI. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Dragonfly Energy during the 2nd quarter worth $48,000. AQR Capital Management LLC acquired a new stake in Dragonfly Energy during the 2nd quarter worth approximately $37,000. Finally, KFG Wealth Management LLC grew its holdings in shares of Dragonfly Energy by 37.2% during the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock worth $359,000 after purchasing an additional 115,000 shares in the last quarter. Institutional investors and hedge funds 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.