Analysts Set Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) PT at $1.74

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has received an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $1.74.

Separately, Canaccord Genuity Group decreased their price objective on Dragonfly Energy from $1.50 to $1.25 and set a “buy” rating for the company in a report on Friday.

Dragonfly Energy Trading Down 8.4 %

Shares of DFLI opened at $0.49 on Friday. The business has a 50-day moving average of $0.55 and a 200 day moving average of $0.73. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $1.46. The firm has a market cap of $30.78 million, a P/E ratio of -1.09 and a beta of -0.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.90.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Dragonfly Energy in the 2nd quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dragonfly Energy during the 2nd quarter valued at about $48,000. Finally, KFG Wealth Management LLC boosted its position in shares of Dragonfly Energy by 37.2% during the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock valued at $359,000 after acquiring an additional 115,000 shares during the last quarter. Institutional investors 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.