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

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have received a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.66.

Separately, Canaccord Genuity Group lowered their target price on Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating for the company in a report on Friday, November 15th.

Dragonfly Energy Trading Down 5.4 %

Shares of DFLI stock opened at $2.28 on Wednesday. The stock has a market cap of $15.98 million, a price-to-earnings ratio of -0.56 and a beta of -0.79. The stock has a 50-day moving average of $3.01 and a 200-day moving average of $4.42. 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 1-year low of $2.10 and a 1-year high of $13.14.

Institutional Investors Weigh In On Dragonfly Energy

A hedge fund recently bought a new stake in Dragonfly Energy stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,581 shares of the company’s stock, valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.09% of Dragonfly Energy as of its most recent SEC filing. 8.19% of the stock is owned by institutional investors and hedge funds.

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.