Point72 Asia Singapore Pte. Ltd. Invests $48,000 in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,581 shares of the company’s stock, valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.09% of Dragonfly Energy at the end of the most recent quarter.

Separately, AQR Capital Management LLC acquired a new stake in shares of Dragonfly Energy during the second quarter worth $37,000. Institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Trading Up 3.4 %

Dragonfly Energy stock opened at $0.59 on Friday. Dragonfly Energy Holdings Corp. has a 1 year low of $0.43 and a 1 year high of $1.52. The firm’s 50-day moving average is $0.59 and its 200-day moving average is $0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.90. The company has a market cap of $36.35 million, a P/E ratio of -1.10 and a beta of -0.83.

Dragonfly Energy (NASDAQ:DFLI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $13.21 million for the quarter, compared to the consensus estimate of $14.17 million. Dragonfly Energy had a negative net margin of 59.58% and a negative return on equity of 165.91%. On average, equities analysts expect that Dragonfly Energy Holdings Corp. will post -0.73 earnings per share 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.