Cowen AND Company LLC bought a new position in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,000 shares of the company’s stock, valued at approximately $80,000. Cowen AND Company LLC owned about 0.09% of Dragonfly Energy at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in DFLI. Avant Capital LLC acquired a new position in Dragonfly Energy during the first quarter worth $46,000. Bank of New York Mellon Corp bought a new position in Dragonfly Energy during the second quarter worth $72,000. State Street Corp boosted its position in Dragonfly Energy by 234.9% during the first quarter. State Street Corp now owns 36,500 shares of the company’s stock worth $110,000 after purchasing an additional 25,600 shares during the period. Virtu Financial LLC bought a new position in Dragonfly Energy during the second quarter worth $123,000. Finally, Barclays PLC bought a new position in Dragonfly Energy during the fourth quarter worth $145,000. 14.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on DFLI shares. Chardan Capital reissued a “buy” rating and issued a $10.00 target price on shares of Dragonfly Energy in a report on Thursday, July 13th. Roth Capital restated a “buy” rating on shares of Dragonfly Energy in a research note on Thursday, September 14th. Roth Mkm assumed coverage on shares of Dragonfly Energy in a research note on Thursday, September 14th. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price target on shares of Dragonfly Energy from $9.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dragonfly Energy presently has an average rating of “Buy” and an average price target of $7.50.
Dragonfly Energy Stock Performance
Shares of NASDAQ DFLI opened at $0.87 on Friday. The company has a market capitalization of $51.95 million, a P/E ratio of -1.43 and a beta of -0.53. Dragonfly Energy Holdings Corp. has a 52-week low of $0.71 and a 52-week high of $28.75. The company’s 50 day moving average price is $1.46 and its 200-day moving average price is $2.27.
Dragonfly Energy (NASDAQ:DFLI – Get Free Report) last released its quarterly earnings data on Monday, August 21st. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.05). The firm had revenue of $19.27 million for the quarter, compared to the consensus estimate of $20.90 million. Analysts forecast that Dragonfly Energy Holdings Corp. will post -0.91 earnings per share for the current year.
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.
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