Dragonfly Energy (NASDAQ:DFLI) Cut to Neutral at Alliance Global Partners

Alliance Global Partners cut shares of Dragonfly Energy (NASDAQ:DFLI) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Alliance Global Partners currently has $1.50 price target on the stock, down from their prior price target of $9.00.

Dragonfly Energy Stock Performance

Shares of Dragonfly Energy stock opened at $1.07 on Tuesday. Dragonfly Energy has a 52 week low of $1.05 and a 52 week high of $13.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.80. The stock has a market capitalization of $7.76 million, a price-to-earnings ratio of -0.26 and a beta of -0.76. The firm has a fifty day moving average of $1.89 and a two-hundred day moving average of $3.37.

Dragonfly Energy (NASDAQ:DFLI) last released its earnings results on Monday, March 24th. The company reported ($1.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.35) by $0.34. Dragonfly Energy had a negative return on equity of 251.32% and a negative net margin of 56.80%. The business had revenue of $12.21 million for the quarter, compared to the consensus estimate of $13.71 million. As a group, equities research analysts predict that Dragonfly Energy will post -6.48 EPS for the current year.

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.