Dragonfly Energy (NASDAQ:DFLI) Rating Lowered to “Neutral” at Alliance Global Partners

Dragonfly Energy (NASDAQ:DFLI) was downgraded by equities research analysts at Alliance Global Partners from a “buy” rating to a “neutral” rating in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $1.50 target price on the stock, down from their previous target price of $9.00. Alliance Global Partners’ price objective would suggest a potential upside of 40.19% from the company’s previous close.

Dragonfly Energy Stock Down 7.8 %

DFLI stock opened at $1.07 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.31. The stock has a market capitalization of $7.76 million, a P/E ratio of -0.26 and a beta of -0.76. Dragonfly Energy has a fifty-two week low of $1.05 and a fifty-two week high of $13.14. The business has a 50-day moving average of $1.93 and a 200-day moving average of $3.39.

Dragonfly Energy (NASDAQ:DFLI) last released its quarterly earnings results on Monday, March 24th. The company reported ($1.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.35) by $0.34. Dragonfly Energy had a negative return on equity of 251.32% and a negative net margin of 56.80%. The firm had revenue of $12.21 million during the quarter, compared to the consensus estimate of $13.71 million. On average, sell-side analysts anticipate that Dragonfly Energy will post -6.48 earnings per share for the current fiscal year.

About Dragonfly Energy

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.