Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Forecasted to Post Q2 2024 Earnings of ($0.16) Per Share

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Equities research analysts at Roth Capital cut their Q2 2024 earnings estimates for shares of Dragonfly Energy in a research report issued to clients and investors on Wednesday, May 15th. Roth Capital analyst C. Moore now anticipates that the company will post earnings per share of ($0.16) for the quarter, down from their prior forecast of ($0.15). Roth Capital has a “Buy” rating on the stock. The consensus estimate for Dragonfly Energy’s current full-year earnings is ($0.51) per share. Roth Capital also issued estimates for Dragonfly Energy’s Q3 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.59) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.45) EPS.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $12.51 million during the quarter, compared to analysts’ expectations of $12.11 million. Dragonfly Energy had a negative return on equity of 104.13% and a negative net margin of 50.04%. During the same quarter in the previous year, the firm earned ($0.28) EPS.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group upped their price objective on Dragonfly Energy from $1.25 to $1.50 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm upped their price target on shares of Dragonfly Energy from $0.90 to $1.50 and gave the company a “buy” rating in a research note on Wednesday. Chardan Capital reissued a “buy” rating and issued a $3.00 price objective on shares of Dragonfly Energy in a research note on Tuesday, April 16th. Finally, Stifel Nicolaus upped their target price on shares of Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1.80.

Dragonfly Energy Trading Up 9.8 %

NASDAQ:DFLI opened at $1.01 on Friday. The business’s 50-day moving average is $0.71 and its 200 day moving average is $0.62. Dragonfly Energy has a 12 month low of $0.43 and a 12 month high of $4.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KFG Wealth Management LLC boosted its stake in shares of Dragonfly Energy by 174.3% during the 1st quarter. KFG Wealth Management LLC now owns 308,830 shares of the company’s stock worth $167,000 after purchasing an additional 196,230 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Dragonfly Energy by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock valued at $130,000 after buying an additional 120,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Dragonfly Energy in the third quarter worth approximately $34,000. Institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.