Alliance Global Partners Downgrades Dragonfly Energy (NASDAQ:DFLI) to Neutral

Alliance Global Partners downgraded shares of Dragonfly Energy (NASDAQ:DFLI) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. Alliance Global Partners currently has $1.50 price objective on the stock, down from their prior price objective of $9.00.

Dragonfly Energy Price Performance

Shares of NASDAQ DFLI opened at $1.16 on Tuesday. Dragonfly Energy has a twelve month low of $1.05 and a twelve month high of $13.14. The company has a market cap of $8.42 million, a PE ratio of -0.29 and a beta of -0.76. The business’s 50 day moving average price is $1.97 and its two-hundred day moving average price is $3.41. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01.

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

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.