Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Given Average Recommendation of “Buy” by Analysts

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLIGet 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 %

Shares of NASDAQ DFLI opened at $3.35 on Friday. Dragonfly Energy has a 12-month low of $2.50 and a 12-month high of $13.14. The company has a market cap of $23.50 million, a price-to-earnings ratio of -0.83 and a beta of -0.78. The company has a current ratio of 0.80, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $5.21.

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:DFLIFree 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

(Get Free Report

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.

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Analyst Recommendations for Dragonfly Energy (NASDAQ:DFLI)

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