Koshinski Asset Management Inc. Buys 120,000 Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

Koshinski Asset Management Inc. raised its stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,000 shares of the company’s stock after buying an additional 120,000 shares during the period. Koshinski Asset Management Inc. owned about 0.40% of Dragonfly Energy worth $130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DFLI. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Dragonfly Energy in the 3rd quarter valued at about $32,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Dragonfly Energy in the 3rd quarter valued at about $34,000. UBS Group AG grew its position in shares of Dragonfly Energy by 191.4% in the 3rd quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after buying an additional 16,743 shares during the last quarter. Northern Trust Corp grew its position 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 last quarter. Finally, KFG Wealth Management LLC grew its position in shares of Dragonfly Energy by 166.0% in the 3rd quarter. KFG Wealth Management LLC now owns 26,600 shares of the company’s stock valued at $41,000 after buying an additional 16,600 shares during the last quarter. Institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Price Performance

Shares of Dragonfly Energy stock opened at $0.61 on Wednesday. Dragonfly Energy Holdings Corp. has a one year low of $0.43 and a one year high of $6.35. The stock’s 50-day moving average is $0.52 and its 200 day moving average is $0.66. The firm has a market cap of $36.58 million, a price-to-earnings ratio of -1.04 and a beta of -0.52.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Roth Mkm restated a “buy” rating and set a $0.90 target price on shares of Dragonfly Energy in a research report on Tuesday. Chardan Capital restated a “buy” rating and set a $3.00 target price on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Profile

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.