Dragonfly Energy (NASDAQ:DFLI) Rating Reiterated by Roth Mkm

Dragonfly Energy (NASDAQ:DFLI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $0.90 price objective on the stock. Roth Mkm’s price target would suggest a potential upside of 46.22% from the company’s current price.

Dragonfly Energy Price Performance

DFLI opened at $0.62 on Tuesday. Dragonfly Energy has a 1 year low of $0.43 and a 1 year high of $5.96. The firm has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.66. The stock has a market cap of $36.65 million, a P/E ratio of -2.28 and a beta of -0.53.

Hedge Funds Weigh In On Dragonfly Energy

Hedge funds have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Dragonfly Energy during the 4th quarter worth approximately $145,000. Northern Trust Corp increased its holdings in Dragonfly Energy by 119.0% in the 2nd quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock worth $40,000 after acquiring an additional 14,864 shares in the last quarter. KFG Wealth Management LLC increased its holdings in Dragonfly Energy by 166.0% in the 3rd quarter. KFG Wealth Management LLC now owns 26,600 shares of the company’s stock worth $41,000 after acquiring an additional 16,600 shares in the last quarter. UBS Group AG raised its position in Dragonfly Energy by 191.4% during the third quarter. UBS Group AG now owns 25,490 shares of the company’s stock worth $39,000 after acquiring an additional 16,743 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Dragonfly Energy by 32.6% during the first quarter. Geode Capital Management LLC now owns 76,697 shares of the company’s stock valued at $230,000 after purchasing an additional 18,860 shares in the last quarter. Hedge funds and other institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

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.