Dragonfly Energy (NASDAQ:DFLI) Raised to Sell at Wall Street Zen

Dragonfly Energy (NASDAQ:DFLI) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Sunday.

Other equities research analysts also recently issued reports about the company. Roth Capital set a $3.00 price target on Dragonfly Energy in a research note on Friday, August 7th. Zacks Research raised Dragonfly Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Dragonfly Energy in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dragonfly Energy currently has a consensus rating of “Moderate Buy” and an average price target of $3.12.

Dragonfly Energy Trading Down 1.6%

NASDAQ DFLI opened at $1.26 on Friday. The company has a current ratio of 2.41, a quick ratio of 0.95 and a debt-to-equity ratio of 2.53. Dragonfly Energy has a 1-year low of $1.10 and a 1-year high of $26.10. The firm’s fifty day simple moving average is $1.60 and its 200-day simple moving average is $2.03. The company has a market capitalization of $16.14 million, a PE ratio of -0.07 and a beta of 0.25.

Dragonfly Energy (NASDAQ:DFLI) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.09). The company had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.18 million. As a group, sell-side analysts anticipate that Dragonfly Energy will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dragonfly Energy

Several hedge funds have recently bought and sold shares of the business. State Street Corp bought a new position in Dragonfly Energy during the fourth quarter valued at about $39,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Dragonfly Energy during the 4th quarter worth about $47,000. KFG Wealth Management LLC increased its holdings in shares of Dragonfly Energy by 34.4% during the 1st quarter. KFG Wealth Management LLC now owns 28,097 shares of the company’s stock valued at $49,000 after acquiring an additional 7,186 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of Dragonfly Energy during the 4th quarter valued at about $163,000. Finally, Legato Capital Management LLC bought a new position in shares of Dragonfly Energy in the 4th quarter valued at approximately $185,000. 8.19% of the stock is owned by institutional investors and hedge funds.

Dragonfly Energy Company Profile

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.