Point72 Asia Singapore Pte. Ltd. Buys New Position in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) in the second quarter, Holdings Channel.com reports. The fund purchased 56,581 shares of the company’s stock, valued at approximately $48,000.

Separately, KFG Wealth Management LLC raised its holdings in shares of Dragonfly Energy by 174.3% in the first quarter. KFG Wealth Management LLC now owns 308,830 shares of the company’s stock valued at $167,000 after purchasing an additional 196,230 shares during the last quarter. Institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Price Performance

DFLI opened at $0.53 on Tuesday. Dragonfly Energy Holdings Corp. has a fifty-two week low of $0.43 and a fifty-two week high of $1.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.26. The company’s 50-day moving average is $0.62 and its 200 day moving average is $0.74. The firm has a market capitalization of $32.41 million, a P/E ratio of -0.98 and a beta of -0.83.

Dragonfly Energy (NASDAQ:DFLI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Dragonfly Energy had a negative net margin of 59.58% and a negative return on equity of 165.91%. The business had revenue of $13.21 million for the quarter, compared to analysts’ expectations of $14.17 million. Research analysts expect that Dragonfly Energy Holdings Corp. will post -0.73 earnings per share for the current fiscal year.

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.