Chardan Capital Reiterates “Buy” Rating for Dragonfly Energy (NASDAQ:DFLI)

Dragonfly Energy (NASDAQ:DFLI)‘s stock had its “buy” rating restated by equities research analysts at Chardan Capital in a report released on Tuesday, Benzinga reports. They presently have a $3.00 price objective on the stock. Chardan Capital’s price target would suggest a potential upside of 387.41% from the company’s previous close.

Separately, Roth Mkm restated a “buy” rating and set a $0.90 price target on shares of Dragonfly Energy in a report on Tuesday.

Dragonfly Energy Stock Performance

Shares of DFLI stock opened at $0.62 on Tuesday. Dragonfly Energy has a twelve month low of $0.43 and a twelve month high of $5.96. The company’s 50-day moving average price is $0.52 and its 200-day moving average price is $0.66. The stock has a market cap of $36.65 million, a price-to-earnings ratio of -2.28 and a beta of -0.53.

Institutional Investors Weigh In On Dragonfly Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in Dragonfly Energy in the 4th quarter valued at approximately $145,000. Northern Trust Corp raised its holdings in shares of Dragonfly Energy by 119.0% in the 2nd quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock valued at $40,000 after buying an additional 14,864 shares during the period. KFG Wealth Management LLC lifted its stake in Dragonfly Energy by 166.0% during the 3rd quarter. KFG Wealth Management LLC now owns 26,600 shares of the company’s stock worth $41,000 after acquiring an additional 16,600 shares in the last quarter. UBS Group AG boosted its holdings in Dragonfly Energy by 191.4% during the 3rd quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after acquiring an additional 16,743 shares during the period. Finally, Geode Capital Management LLC grew its position in Dragonfly Energy by 32.6% in the 1st quarter. Geode Capital Management LLC now owns 76,697 shares of the company’s stock valued at $230,000 after acquiring an additional 18,860 shares in the last quarter. 8.19% of the stock is owned by hedge funds and other institutional investors.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.