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

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have earned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.66.

Separately, Canaccord Genuity Group decreased their target price on Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating for the company in a research report on Friday, November 15th.

Institutional Investors Weigh In On Dragonfly Energy

An institutional investor recently bought a new position in Dragonfly Energy stock. AQR Capital Management LLC purchased a new stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned about 0.07% of Dragonfly Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Price Performance

Shares of NASDAQ:DFLI opened at $2.26 on Wednesday. Dragonfly Energy has a fifty-two week low of $2.10 and a fifty-two week high of $13.14. The business has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $4.61. 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 firm has a market cap of $15.84 million, a price-to-earnings ratio of -0.56 and a beta of -0.78.

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.