Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives $15.66 Average PT from Analysts

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.66.

Separately, Canaccord Genuity Group reduced their target price on Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating on the stock in a research note on Friday, November 15th.

Dragonfly Energy Price Performance

Shares of NASDAQ:DFLI opened at $3.20 on Tuesday. Dragonfly Energy has a fifty-two week low of $2.93 and a fifty-two week high of $13.14. The firm has a market cap of $22.44 million, a price-to-earnings ratio of -0.79 and a beta of -0.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.80. The business has a 50-day simple moving average of $4.38 and a two-hundred day simple moving average of $5.74.

Institutional Trading of Dragonfly Energy

Several hedge funds have recently modified their holdings of DFLI. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dragonfly Energy during the second quarter worth $48,000. AQR Capital Management LLC acquired a new position in Dragonfly Energy during the second quarter worth $37,000. Finally, KFG Wealth Management LLC raised its holdings in Dragonfly Energy by 37.2% during the second 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 during the last quarter. 8.19% of the stock is owned by institutional investors and hedge funds.

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.