Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Given Average Recommendation of “Buy” by Analysts

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has received a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.66.

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

Dragonfly Energy Stock Down 11.2 %

NASDAQ:DFLI traded down $0.15 during trading hours on Tuesday, hitting $1.16. The stock had a trading volume of 76,592 shares, compared to its average volume of 74,181. The business has a 50 day simple moving average of $2.00 and a two-hundred day simple moving average of $3.43. The company has a market cap of $8.38 million, a PE ratio of -0.28 and a beta of -0.76. Dragonfly Energy has a 1-year low of $1.05 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 earnings results on Monday, March 24th. The company reported ($1.01) earnings per share for the quarter, beating the consensus estimate of ($1.35) by $0.34. Dragonfly Energy had a negative return on equity of 251.32% and a negative net margin of 56.80%. The company had revenue of $12.21 million during the quarter, compared to the consensus estimate of $13.71 million. Analysts predict that Dragonfly Energy will post -6.48 EPS for the current year.

Dragonfly Energy Company Profile

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.