Research Analysts Set Expectations for Dragonfly Energy Holdings Corp.’s Q3 2024 Earnings (NASDAQ:DFLI)

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Analysts at Roth Capital dropped their Q3 2024 earnings per share (EPS) estimates for shares of Dragonfly Energy in a research note issued to investors on Thursday, August 15th. Roth Capital analyst C. Moore now expects that the company will post earnings per share of ($0.18) for the quarter, down from their prior forecast of ($0.14). The consensus estimate for Dragonfly Energy’s current full-year earnings is ($0.59) per share. Roth Capital also issued estimates for Dragonfly Energy’s Q4 2024 earnings at ($0.15) EPS, FY2024 earnings at ($0.73) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.13) EPS and FY2025 earnings at ($0.49) EPS.

DFLI has been the subject of a number of other reports. Stifel Nicolaus raised their target price on Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a report on Thursday, May 16th. Alliance Global Partners started coverage on Dragonfly Energy in a report on Thursday, May 23rd. They set a “buy” rating and a $1.75 target price for the company. Roth Mkm raised their target price on Dragonfly Energy from $0.90 to $1.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Canaccord Genuity Group lifted their price objective on Dragonfly Energy from $1.25 to $1.50 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1.79.

Dragonfly Energy Price Performance

Shares of Dragonfly Energy stock opened at $0.59 on Monday. The business has a 50-day moving average of $0.78 and a 200 day moving average of $0.74. Dragonfly Energy has a 12 month low of $0.43 and a 12 month high of $2.05. The stock has a market capitalization of $36.08 million, a price-to-earnings ratio of -1.09 and a beta of -0.78.

Institutional Investors Weigh In On Dragonfly Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in shares of Dragonfly Energy during the 2nd quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dragonfly Energy during the 2nd quarter worth about $48,000. Finally, KFG Wealth Management LLC raised its position in shares of Dragonfly Energy by 37.2% during the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock worth $359,000 after acquiring an additional 115,000 shares in the last quarter. Institutional investors and hedge funds own 8.19% of the company’s stock.

About Dragonfly Energy

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.