Dragonfly Energy’s (DFLI) Buy Rating Reaffirmed at Roth Capital

Roth Capital reaffirmed their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research note released on Tuesday, Zacks.com reports. Roth Capital also issued estimates for Dragonfly Energy’s Q1 2024 earnings at ($0.16) EPS, Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.56) EPS and FY2025 earnings at ($0.44) EPS.

Several other brokerages also recently commented on DFLI. Chardan Capital reaffirmed a buy rating and issued a $3.00 price target on shares of Dragonfly Energy in a research report on Tuesday. Roth Mkm restated a buy rating and set a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Stock Performance

DFLI opened at $0.62 on Tuesday. The business has a 50 day moving average price of $0.52 and a 200 day moving average price of $0.66. Dragonfly Energy has a twelve month low of $0.43 and a twelve month high of $5.96. The firm has a market cap of $36.65 million, a P/E ratio of -2.28 and a beta of -0.53.

Institutional Trading of Dragonfly Energy

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Dragonfly Energy by 805.7% in the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock worth $1,323,000 after purchasing an additional 794,975 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dragonfly Energy by 233.4% in the second quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock worth $378,000 after purchasing an additional 179,013 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Dragonfly Energy by 611.9% during the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock valued at $300,000 after acquiring an additional 167,352 shares during the period. State Street Corp lifted its stake in shares of Dragonfly Energy by 398.1% during the second quarter. State Street Corp now owns 181,817 shares of the company’s stock valued at $269,000 after acquiring an additional 145,317 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Dragonfly Energy during the third quarter valued at $185,000. Institutional investors and hedge funds own 8.19% of the company’s stock.

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.