Dragonfly Energy (NASDAQ:DFLI) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Dragonfly Energy (NASDAQ:DFLI) from a strong sell rating to a sell rating in a research note released on Sunday.

DFLI has been the topic of a number of other reports. Zacks Research raised Dragonfly Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Roth Capital set a $3.00 target price on Dragonfly Energy in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Dragonfly Energy in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.12.

Dragonfly Energy Price Performance

DFLI stock opened at $1.28 on Friday. The firm has a market cap of $16.40 million, a PE ratio of -0.07 and a beta of 0.25. Dragonfly Energy has a 1 year low of $1.10 and a 1 year high of $26.10. The company has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $2.04. 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 (NASDAQ:DFLI) last posted its earnings results on Thursday, August 6th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.09). The business had revenue of $13.16 million for the quarter, compared to analysts’ expectations of $13.18 million. Sell-side analysts anticipate that Dragonfly Energy will post -1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. KFG Wealth Management LLC grew 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 worth $49,000 after purchasing an additional 7,186 shares in the last quarter. State Street Corp acquired a new position in shares of Dragonfly Energy in the fourth quarter valued at $39,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Dragonfly Energy in the fourth quarter valued at $47,000. J. Derek Lewis & Associates Inc. bought a new position in Dragonfly Energy in the fourth quarter worth $163,000. Finally, Legato Capital Management LLC bought a new position in Dragonfly Energy in the fourth quarter worth $185,000. 8.19% of the stock is owned by institutional investors.

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.