Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives $15.66 Average Price Target from Brokerages

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.81.

Separately, Alliance Global Partners cut Dragonfly Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $9.00 to $1.50 in a report on Tuesday, March 25th.

Dragonfly Energy Price Performance

Shares of Dragonfly Energy stock opened at $1.00 on Tuesday. The stock has a 50 day moving average price of $1.86 and a 200-day moving average price of $3.34. Dragonfly Energy has a one year low of $0.97 and a one year high of $13.14. The stock has a market cap of $7.26 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.80.

Dragonfly Energy (NASDAQ:DFLI) last posted its quarterly earnings data on Monday, March 24th. The company reported ($1.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.35) by $0.34. The business had revenue of $12.21 million for the quarter, compared to analysts’ expectations of $13.71 million. Dragonfly Energy had a negative net margin of 56.80% and a negative return on equity of 251.32%. Equities analysts expect that Dragonfly Energy will post -6.48 EPS for the current 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.