Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Receives $15.66 Average Price Target from Analysts

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been given a consensus rating of “Buy” by the six brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.66.

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

Dragonfly Energy Price Performance

Shares of DFLI stock opened at $2.28 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. Dragonfly Energy has a twelve month low of $2.10 and a twelve month high of $13.14. The company has a market cap of $15.98 million, a P/E ratio of -0.56 and a beta of -0.79. The business has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $4.42.

Hedge Funds Weigh In On Dragonfly Energy

An institutional investor recently bought a new position in Dragonfly Energy stock. AQR Capital Management LLC purchased a new stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned 0.07% of Dragonfly Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 8.19% of the company’s stock.

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.