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

Dragonfly Energy Holdings Corp. (NASDAQ:DFLIGet Free Report) has received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is $15.66.

Separately, Canaccord Genuity Group lowered their price objective on shares of Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating for the company in a report on Friday, November 15th.

View Our Latest Stock Analysis on Dragonfly Energy

Dragonfly Energy Stock Down 7.8 %

Shares of NASDAQ DFLI opened at $3.30 on Friday. The firm has a fifty day simple moving average of $3.71 and a two-hundred day simple moving average of $5.12. Dragonfly Energy has a 12 month low of $2.50 and a 12 month high of $13.14. The company has a current ratio of 0.80, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $23.15 million, a PE ratio of -0.81 and a beta of -0.78.

Hedge Funds Weigh In On Dragonfly Energy

A hedge fund recently bought a new stake in Dragonfly Energy stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLIFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 56,581 shares of the company’s stock, valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.09% of Dragonfly Energy as of its most recent SEC filing. 8.19% of the stock is currently owned by institutional investors.

Dragonfly Energy Company Profile

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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.

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Analyst Recommendations for Dragonfly Energy (NASDAQ:DFLI)

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