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

Roth Mkm reiterated their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $0.90 price objective on the stock.

Dragonfly Energy Stock Performance

Shares of NASDAQ:DFLI opened at $0.61 on Tuesday. The company has a 50-day simple moving average of $0.52 and a 200-day simple moving average of $0.66. Dragonfly Energy has a one year low of $0.43 and a one year high of $6.35. The stock has a market capitalization 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 and hedge funds have recently made changes to their positions in DFLI. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Dragonfly Energy in the third quarter valued at about $32,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dragonfly Energy in the third quarter valued at about $34,000. Nuveen Asset Management LLC raised its holdings in shares of Dragonfly Energy by 68.0% in the fourth quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock valued at $35,000 after buying an additional 26,068 shares during the last quarter. UBS Group AG raised its holdings in shares of Dragonfly Energy by 191.4% in the third quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after buying an additional 16,743 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Dragonfly Energy by 119.0% during the second quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock worth $40,000 after purchasing an additional 14,864 shares in the last quarter. 8.19% of the stock is owned by hedge funds and other institutional investors.

Dragonfly Energy Company Profile

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.