Dragonfly Energy’s (DFLI) “Buy” Rating Reiterated at Roth Capital

Roth Capital reiterated their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a report issued on Tuesday morning, Zacks.com reports. Roth Capital also issued estimates for Dragonfly Energy’s Q1 2024 earnings at ($0.16) EPS, Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.56) EPS and FY2025 earnings at ($0.44) EPS.

A number of other equities research analysts have also recently weighed in on the company. Chardan Capital reaffirmed a buy rating and set a $3.00 price target on shares of Dragonfly Energy in a report on Tuesday. Roth Mkm reaffirmed a buy rating and set a $0.90 price target on shares of Dragonfly Energy in a report on Tuesday.

Dragonfly Energy Price Performance

DFLI stock opened at $0.76 on Tuesday. The business has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.66. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $5.55. The stock has a market capitalization of $45.06 million, a price-to-earnings ratio of -2.80 and a beta of -0.53.

Institutional Trading of Dragonfly Energy

Several institutional investors and hedge funds have recently bought and sold shares of DFLI. KFG Wealth Management LLC grew its position in Dragonfly Energy by 166.0% during the third quarter. KFG Wealth Management LLC now owns 26,600 shares of the company’s stock worth $41,000 after buying an additional 16,600 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Dragonfly Energy during the third quarter worth approximately $185,000. Stifel Financial Corp acquired a new stake in Dragonfly Energy during the second quarter worth approximately $52,000. Hudson Bay Capital Management LP acquired a new stake in Dragonfly Energy during the second quarter worth approximately $148,000. Finally, State Street Corp grew its position in Dragonfly Energy by 398.1% during the second quarter. State Street Corp now owns 181,817 shares of the company’s stock worth $269,000 after buying an additional 145,317 shares in the last quarter. Institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.