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

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has received a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.66.

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

Institutional Trading of Dragonfly Energy

A number of institutional investors have recently bought and sold shares of DFLI. KFG Wealth Management LLC increased its stake in Dragonfly Energy by 37.2% during the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock valued at $359,000 after purchasing an additional 115,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Dragonfly Energy during the second quarter valued at $48,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Dragonfly Energy during the second quarter valued at $37,000. 8.19% of the stock is currently owned by institutional investors and hedge funds.

Dragonfly Energy Price Performance

NASDAQ:DFLI opened at $3.31 on Tuesday. The company has a market capitalization of $23.22 million, a P/E ratio of -0.82 and a beta of -0.87. The business’s 50-day moving average is $4.42 and its 200 day moving average is $5.80. The company has a current ratio of 0.80, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. Dragonfly Energy has a 12 month low of $2.93 and a 12 month high of $13.14.

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.