Dragonfly Energy (NASDAQ:DFLI) PT Raised to $1.20 at Stifel Nicolaus

Dragonfly Energy (NASDAQ:DFLI - Free Report) had its price objective increased by Stifel Nicolaus from $1.00 to $1.20 in a research report sent to investors on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on DFLI. Roth Capital restated a buy rating on shares of Dragonfly Energy in a report on Tuesday, April 16th. Canaccord Genuity Group upped their price target on Dragonfly Energy from $1.25 to $1.50 and gave the company a buy rating in a report on Wednesday. Chardan Capital reissued a buy rating and issued a $3.00 target price on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Finally, Roth Mkm raised their price target on shares of Dragonfly Energy from $0.90 to $1.50 and gave the company a buy rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $1.80.

Dragonfly Energy Stock Performance

Shares of Dragonfly Energy stock traded up $0.09 during midday trading on Thursday, hitting $1.01. The company had a trading volume of 771,980 shares, compared to its average volume of 751,299. The company has a 50 day moving average of $0.71 and a 200 day moving average of $0.62. The stock has a market capitalization of $60.86 million, a P/E ratio of -3.74 and a beta of -0.84. Dragonfly Energy has a 52-week low of $0.43 and a 52-week high of $4.45.

Dragonfly Energy (NASDAQ:DFLI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $12.51 million for the quarter, compared to the consensus estimate of $12.11 million. Dragonfly Energy had a negative net margin of 21.46% and a negative return on equity of 110.79%. During the same quarter in the previous year, the business earned ($0.28) earnings per share. Equities research analysts forecast that Dragonfly Energy will post -0.51 EPS for the current year.

Institutional Trading of Dragonfly Energy

Large investors have recently added to or reduced their stakes in the business. KFG Wealth Management LLC increased its stake in shares of Dragonfly Energy by 174.3% in the 1st quarter. KFG Wealth Management LLC now owns 308,830 shares of the company's stock worth $167,000 after purchasing an additional 196,230 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Dragonfly Energy by 100.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company's stock valued at $130,000 after buying an additional 120,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Dragonfly Energy during the 3rd quarter worth approximately $34,000. 8.19% of the stock is currently owned by 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.