Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Get Free Report) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $15.66.
Separately, Canaccord Genuity Group cut 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.
Read Our Latest Analysis on Dragonfly Energy
Dragonfly Energy Trading Up 4.4 %
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Dragonfly Energy stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,581 shares of the company’s stock, valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. owned 0.09% of Dragonfly Energy as of its most recent SEC filing. 8.19% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Dragonfly Energy
- How to Plot Fibonacci Price Inflection Levels
- Insiders Are Selling, But These 3 Stocks Are Must-Buys
- 3 Small Caps With Big Return Potential
- Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’
Receive News & Ratings for Dragonfly Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dragonfly Energy and related companies with MarketBeat.com's FREE daily email newsletter.