Dragonfly Energy (NASDAQ:DFLI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dragonfly Energy (NASDAQ:DFLI) from a strong sell rating to a sell rating in a research report released on Sunday.

A number of other equities analysts also recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Dragonfly Energy in a research note on Wednesday, July 29th. Zacks Research raised Dragonfly Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Roth Capital set a $3.00 target price on Dragonfly Energy in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dragonfly Energy currently has a consensus rating of “Moderate Buy” and an average target price of $3.12.

Dragonfly Energy Stock Performance

Shares of DFLI stock opened at $1.15 on Friday. The company’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $2.01. The company has a quick ratio of 0.95, a current ratio of 2.41 and a debt-to-equity ratio of 2.53. The firm has a market cap of $14.74 million, a PE ratio of -0.06 and a beta of 0.25. Dragonfly Energy has a 12 month low of $1.10 and a 12 month high of $26.10.

Dragonfly Energy (NASDAQ:DFLI) last released its earnings results on Thursday, August 6th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.09). The company had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.18 million. Equities research analysts expect that Dragonfly Energy will post -1.67 EPS for the current fiscal year.

Institutional Trading of Dragonfly Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFLI. State Street Corp acquired a new stake in Dragonfly Energy in the fourth quarter valued at $39,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Dragonfly Energy during the 4th quarter worth about $47,000. KFG Wealth Management LLC raised its holdings in shares of Dragonfly Energy by 34.4% in the 1st quarter. KFG Wealth Management LLC now owns 28,097 shares of the company’s stock valued at $49,000 after purchasing an additional 7,186 shares during the period. J. Derek Lewis & Associates Inc. bought a new stake in shares of Dragonfly Energy in the 4th quarter valued at about $163,000. Finally, Legato Capital Management LLC acquired a new stake in Dragonfly Energy in the 4th quarter valued at about $185,000. 8.19% of the stock is owned by institutional investors.

Dragonfly Energy Company Profile

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.