Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Given Average Recommendation of “Buy” by Analysts

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.66.

Separately, Alliance Global Partners downgraded Dragonfly Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $9.00 to $1.50 in a report on Tuesday.

Dragonfly Energy Stock Performance

DFLI stock traded down $0.15 during trading on Tuesday, hitting $1.16. 76,592 shares of the company’s stock traded hands, compared to its average volume of 74,181. The stock has a market capitalization of $8.38 million, a price-to-earnings ratio of -0.28 and a beta of -0.76. Dragonfly Energy has a 52 week low of $1.05 and a 52 week high of $13.14. The stock has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $3.43. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01.

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

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.