Brokerages Set Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Price Target at $15.66

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.66.

Separately, Canaccord Genuity Group lowered their price objective on shares of Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating on the stock in a research note on Friday, November 15th.

Institutional Trading of Dragonfly Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in Dragonfly Energy during the 2nd quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dragonfly Energy during the 2nd quarter valued at $48,000. Finally, KFG Wealth Management LLC boosted its holdings in Dragonfly Energy by 37.2% in the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock worth $359,000 after buying an additional 115,000 shares during the period. Hedge funds and other institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Stock Down 2.6 %

DFLI stock opened at $3.31 on Tuesday. The company has a market cap of $23.22 million, a price-to-earnings ratio of -0.82 and a beta of -0.87. 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 business’s 50-day moving average is $4.42 and its two-hundred day moving average is $5.80. Dragonfly Energy has a fifty-two week low of $2.93 and a fifty-two week high of $13.14.

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.