Financial Review: Dragonfly Energy (DFLI) vs. Its Competitors

Dragonfly Energy (NASDAQ:DFLI) is one of 63 publicly-traded companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it contrast to its peers? We will compare Dragonfly Energy to similar companies based on the strength of its earnings, valuation, institutional ownership, risk, analyst recommendations, profitability and dividends.

Analyst Ratings

This is a breakdown of recent recommendations for Dragonfly Energy and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Dragonfly Energy	0	0	3	0	3.00
Dragonfly Energy Competitors	92	437	898	52	2.62

Dragonfly Energy presently has a consensus price target of $8.67, suggesting a potential upside of 409.80%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 24.42%. Given Dragonfly Energy’s stronger consensus rating and higher possible upside, equities analysts plainly believe Dragonfly Energy is more favorable than its peers.

Insider and Institutional Ownership

14.3% of Dragonfly Energy shares are owned by institutional investors. Comparatively, 39.0% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 37.9% of Dragonfly Energy shares are owned by company insiders. Comparatively, 18.7% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Valuation & Earnings

This table compares Dragonfly Energy and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Dragonfly Energy	$86.25 million	-$39.57 million	-2.79
Dragonfly Energy Competitors	$629.56 million	$3.19 million	2.58

Dragonfly Energy’s peers have higher revenue and earnings than Dragonfly Energy. Dragonfly Energy is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Dragonfly Energy and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Dragonfly Energy	N/A	-216.49%	-50.09%
Dragonfly Energy Competitors	-982.63%	-18.03%	-15.34%

Risk & Volatility

Dragonfly Energy has a beta of -0.73, suggesting that its stock price is 173% less volatile than the S&P 500. Comparatively, Dragonfly Energy’s peers have a beta of -5.41, suggesting that their average stock price is 641% less volatile than the S&P 500.

Dragonfly Energy Company Profile

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories. It offers its products under the Dragonfly Energy, Battle Born, and Wakespeed brands. The company is headquartered in Reno, Nevada.