Dragonfly Energy’s (DFLI) “Buy” Rating Reaffirmed at Chardan Capital

Chardan Capital reissued their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $3.00 price objective on the stock.

Separately, Roth Mkm reissued a buy rating and set a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Price Performance

DFLI stock opened at $0.83 on Tuesday. The stock has a market capitalization of $49.99 million, a PE ratio of -3.07 and a beta of -0.53. The company’s 50-day moving average is $0.53 and its 200-day moving average is $0.66. Dragonfly Energy has a 1 year low of $0.43 and a 1 year high of $5.55.

Hedge Funds Weigh In On Dragonfly Energy

Several large investors have recently added to or reduced their stakes in the business. KFG Wealth Management LLC lifted its position in Dragonfly Energy by 174.3% in the 1st quarter. KFG Wealth Management LLC now owns 308,830 shares of the company’s stock valued at $167,000 after acquiring an additional 196,230 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Dragonfly Energy by 68.0% in the 4th quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock valued at $35,000 after acquiring an additional 26,068 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Dragonfly Energy by 100.0% in the 4th 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. Vanguard Group Inc. increased its stake in Dragonfly Energy by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 887,161 shares of the company’s stock valued at $1,366,000 after buying an additional 84,213 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Dragonfly Energy by 611.9% in the 3rd quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock valued at $300,000 after buying an additional 167,352 shares during the last quarter. 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.