Analysts Offer Predictions for Dragonfly Energy Holdings Corp.’s Q1 2024 Earnings (NASDAQ:DFLI)

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Stock analysts at Roth Capital issued their Q1 2024 earnings per share (EPS) estimates for Dragonfly Energy in a research report issued to clients and investors on Tuesday, April 16th. Roth Capital analyst C. Moore forecasts that the company will earn ($0.16) per share for the quarter. Roth Capital currently has a “Buy” rating on the stock. The consensus estimate for Dragonfly Energy’s current full-year earnings is ($0.27) per share. Roth Capital also issued estimates for Dragonfly Energy’s Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.56) EPS and FY2025 earnings at ($0.44) EPS.

A number of other equities analysts also recently commented on DFLI. Chardan Capital restated a “buy” rating and set a $3.00 target price on shares of Dragonfly Energy in a report on Tuesday. Roth Mkm restated a “buy” rating and set a $0.90 target price on shares of Dragonfly Energy in a report on Tuesday.

Dragonfly Energy Stock Up 22.9 %

Shares of Dragonfly Energy stock opened at $0.76 on Thursday. The company has a market cap of $45.06 million, a PE ratio of -2.80 and a beta of -0.53. The business has a 50 day moving average of $0.52 and a 200 day moving average of $0.66. Dragonfly Energy has a 52 week low of $0.43 and a 52 week high of $5.55.

Institutional Investors Weigh In On Dragonfly Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its stake in Dragonfly Energy by 68.0% in the fourth quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock worth $35,000 after purchasing an additional 26,068 shares during the period. KFG Wealth Management LLC grew its stake in shares of Dragonfly Energy by 323.3% in the fourth quarter. KFG Wealth Management LLC now owns 112,600 shares of the company’s stock worth $61,000 after acquiring an additional 86,000 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Dragonfly Energy by 100.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock worth $130,000 after acquiring an additional 120,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Dragonfly Energy by 10.5% in the third quarter. Vanguard Group Inc. now owns 887,161 shares of the company’s stock worth $1,366,000 after acquiring an additional 84,213 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Dragonfly Energy by 611.9% in the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock worth $300,000 after acquiring an additional 167,352 shares during the last quarter. 8.19% of the stock is owned by hedge funds and other institutional investors.

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.