Dragonfly Energy (NASDAQ:DFLI) Rating Reiterated by Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a report issued on Tuesday, Benzinga reports. Chardan Capital currently has a $3.00 price objective on the stock.

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

Dragonfly Energy Stock Up 36.5 %

DFLI opened at $0.61 on Tuesday. Dragonfly Energy has a 12-month low of $0.43 and a 12-month high of $6.35. The business has a 50 day moving average of $0.52 and a 200-day moving average of $0.66. The stock has a market cap of $36.58 million, a price-to-earnings ratio of -1.04 and a beta of -0.52.

Institutional Investors Weigh In On Dragonfly Energy

A number of institutional investors have recently made changes to their positions in DFLI. Geode Capital Management LLC acquired a new stake in Dragonfly Energy during the 4th quarter worth approximately $688,000. Barclays PLC acquired a new stake in shares of Dragonfly Energy during the fourth quarter worth $145,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Dragonfly Energy in the fourth quarter valued at about $514,000. State Street Corp grew its stake in shares of Dragonfly Energy by 234.9% in the first quarter. State Street Corp now owns 36,500 shares of the company’s stock valued at $110,000 after acquiring an additional 25,600 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Dragonfly Energy during the second quarter worth about $72,000. 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.