Dragonfly Energy (NASDAQ:DFLI) Stock Bumped Down to Strong Sell by Wall Street Zen

Dragonfly Energy (NASDAQ:DFLI) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, Wall Street Zen reports.

DFLI has been the topic of a number of other reports. Roth Capital set a $24.00 target price on Dragonfly Energy in a research note on Friday, August 7th. Weiss Ratings lowered shares of Dragonfly Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dragonfly Energy presently has an average rating of “Hold” and a consensus target price of $25.00.

Dragonfly Energy Stock Down 15.6%

NASDAQ:DFLI opened at $1.79 on Friday. The firm has a market capitalization of $3.35 million, a PE ratio of -0.01 and a beta of 0.39. The stock has a 50 day moving average of $4.63 and a 200-day moving average of $12.84. Dragonfly Energy has a 52 week low of $1.65 and a 52 week high of $78.66. The company has a current ratio of 2.34, a quick ratio of 0.97 and a debt-to-equity ratio of 2.53.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings results on Thursday, November 12th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.04) by ($0.67). Dragonfly Energy had a negative return on equity of 584.92% and a negative net margin of 128.05%. The company had revenue of $12.17 million during the quarter, compared to the consensus estimate of $13.54 million. Analysts predict that Dragonfly Energy will post -13.36 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Dragonfly Energy stock. Cygnus Capital Advisors LLC increased its stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 130.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,593 shares of the company’s stock after acquiring an additional 35,442 shares during the period. Cygnus Capital Advisors LLC owned approximately 0.42% of Dragonfly Energy worth $123,000 at the end of the most recent reporting period. Institutional investors own 8.19% of the company’s stock.

Dragonfly Energy Company Profile

Dragonfly Energy Holdings Corp. develops and manufactures lithium-ion battery systems and energy-storage technologies. Through its Battle Born Batteries brand, the company offers batteries and related power solutions designed for recreational vehicles, marine applications, off-grid systems, and other mobile and stationary energy-storage uses. The company is also developing solid-state battery technology based on a dry powder coating manufacturing process. Dragonfly Energy’s technology is intended to support the production of safer, more efficient, and scalable energy-storage systems while reducing reliance on conventional liquid electrolyte designs.