Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives Average Rating of “Buy” from Brokerages

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) have been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.66.

Separately, Canaccord Genuity Group decreased 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.

Institutional Trading of Dragonfly Energy

A hedge fund recently bought a new stake in Dragonfly Energy stock. AQR Capital Management LLC bought a new position in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned about 0.07% of Dragonfly Energy at the end of the most recent quarter. 8.19% of the stock is currently owned by institutional investors and hedge funds.

Dragonfly Energy Stock Down 7.8 %

Shares of Dragonfly Energy stock opened at $3.30 on Friday. The company has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $5.12. Dragonfly Energy has a 52-week low of $2.50 and a 52-week high of $13.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.80. The stock has a market capitalization of $23.15 million, a PE ratio of -0.81 and a beta of -0.78.

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.