Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.81.

Separately, Alliance Global Partners lowered Dragonfly Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $9.00 to $1.50 in a research note on Tuesday, March 25th.

Dragonfly Energy Stock Performance

NASDAQ:DFLI opened at $0.98 on Tuesday. The stock’s 50-day moving average is $1.83 and its 200-day moving average is $3.30. The stock has a market cap of $7.11 million, a P/E ratio of -0.24 and a beta of -0.76. Dragonfly Energy has a 1-year low of $0.95 and a 1-year 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.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings results on Monday, March 24th. The company reported ($1.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.35) by $0.34. Dragonfly Energy had a negative net margin of 56.80% and a negative return on equity of 251.32%. The firm had revenue of $12.21 million during the quarter, compared to analysts’ expectations of $13.71 million. Equities research analysts anticipate that Dragonfly Energy will post -6.48 earnings per share for the current year.

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.