Roth Mkm Reiterates “Buy” Rating for Dragonfly Energy (NASDAQ:DFLI)

Roth Mkm reaffirmed their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a report issued on Tuesday morning, Benzinga reports. They currently have a $0.90 price objective on the stock.

Dragonfly Energy Stock Up 9.6 %

NASDAQ:DFLI opened at $0.83 on Tuesday. The company has a market capitalization of $49.99 million, a PE ratio of -3.07 and a beta of -0.53. Dragonfly Energy has a 52-week low of $0.43 and a 52-week high of $5.55. The stock has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new position in Dragonfly Energy in the 4th quarter valued at about $145,000. Northern Trust Corp raised its stake in Dragonfly Energy by 119.0% in the 2nd quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock valued at $40,000 after purchasing an additional 14,864 shares during the last quarter. KFG Wealth Management LLC raised its stake in Dragonfly Energy by 166.0% in the 3rd quarter. KFG Wealth Management LLC now owns 26,600 shares of the company’s stock valued at $41,000 after purchasing an additional 16,600 shares during the last quarter. UBS Group AG raised its stake in Dragonfly Energy by 191.4% in the 3rd quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after purchasing an additional 16,743 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Dragonfly Energy by 32.6% in the 1st quarter. Geode Capital Management LLC now owns 76,697 shares of the company’s stock valued at $230,000 after purchasing an additional 18,860 shares during the last quarter. Institutional investors and hedge funds 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.