Chardan Capital Upgrades Dragonfly Energy (NASDAQ:DFLI) to Strong-Buy

Key Points

• Chardan Capital upgraded Dragonfly Energy (NASDAQ:DFLI) to a "strong-buy" rating, indicating a positive outlook on the stock.
• Dragonfly Energy reported earnings of ($0.58) per share, exceeding analysts' expectations of ($1.29) and generating a revenue of $16.25 million.
• The company's stock has had significant volatility, with a 52-week low of $0.15 and a high of $5.78, currently trading at $1.33.

Dragonfly Energy (NASDAQ:DFLI - Get Free Report) was upgraded by Chardan Capital to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Wall Street Zen raised Dragonfly Energy to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "sell (e+)" rating on shares of Dragonfly Energy in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1.50.

Dragonfly Energy Stock Performance

Shares of NASDAQ:DFLI traded up $0.08 during midday trading on Tuesday, reaching $1.33. The company's stock had a trading volume of 13,296,999 shares, compared to its average volume of 17,231,979. The firm has a market capitalization of $81.79 million, a price-to-earnings ratio of -0.34 and a beta of -0.36. The firm has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.45. Dragonfly Energy has a fifty-two week low of $0.15 and a fifty-two week high of $5.78.

Dragonfly Energy (NASDAQ:DFLI - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($1.29) by $0.71. The firm had revenue of $16.25 million for the quarter, compared to analyst estimates of $14.68 million. Dragonfly Energy has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Dragonfly Energy will post -6.48 earnings per share for the current year.

Hedge Funds Weigh In On Dragonfly Energy

A hedge fund recently raised its stake in Dragonfly Energy stock. KFG Wealth Management LLC raised its position in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI - Free Report) by 85.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,124 shares of the company's stock after purchasing an additional 84,798 shares during the period. KFG Wealth Management LLC owned 0.30% of Dragonfly Energy worth $110,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 8.19% of the company's stock.

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.

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