Analysts Set Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) PT at $15.66

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.81.

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

Dragonfly Energy Stock Performance

Shares of NASDAQ DFLI opened at $1.07 on Tuesday. The stock has a market cap of $7.76 million, a PE ratio of -0.26 and a beta of -0.76. Dragonfly Energy has a 1 year low of $1.05 and a 1 year high of $13.14. The firm has a fifty day moving average price of $1.89 and a 200-day moving average price of $3.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.31.

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