Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives Average Rating of “Buy” from Analysts

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.66.

Separately, Canaccord Genuity Group cut their price target on Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating on the stock in a research note on Friday, November 15th.

Dragonfly Energy Price Performance

Shares of DFLI opened at $3.17 on Friday. The firm has a market capitalization of $22.23 million, a price-to-earnings ratio of -0.78 and a beta of -0.78. The firm’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $5.09. Dragonfly Energy has a twelve month low of $2.50 and a twelve month high of $13.14. The company has a current ratio of 0.80, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Dragonfly Energy

A hedge fund recently bought a new stake in Dragonfly Energy stock. AQR Capital Management LLC bought a new position in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned about 0.07% of Dragonfly Energy at the end of the most recent quarter. Institutional investors own 8.19% of the company’s stock.

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.