Equities Analysts Set Expectations for Dragonfly Energy Holdings Corp.’s Q1 2024 Earnings (NASDAQ:DFLI)

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Research analysts at Roth Capital issued their Q1 2024 earnings estimates for Dragonfly Energy in a report issued on Tuesday, April 16th. Roth Capital analyst C. Moore expects that the company will post earnings of ($0.16) per share for the quarter. Roth Capital has a “Buy” rating on the stock. The consensus estimate for Dragonfly Energy’s current full-year earnings is ($0.54) 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 brokerages have also issued reports on DFLI. Chardan Capital reissued a “buy” rating and set a $3.00 target price on shares of Dragonfly Energy in a research note on Tuesday. Roth Mkm reissued a “buy” rating and set a $0.90 target price on shares of Dragonfly Energy in a research note on Tuesday.

Dragonfly Energy Price Performance

NASDAQ DFLI opened at $0.62 on Thursday. The company has a fifty day moving average of $0.52 and a two-hundred day moving average of $0.66. The firm has a market capitalization of $36.65 million, a price-to-earnings ratio of -2.28 and a beta of -0.53. Dragonfly Energy has a 52 week low of $0.43 and a 52 week high of $5.96.

Institutional Trading of Dragonfly Energy

A number of large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Dragonfly Energy in the third quarter worth about $32,000. Allspring Global Investments Holdings LLC purchased a new stake in Dragonfly Energy in the third quarter worth about $34,000. Nuveen Asset Management LLC lifted 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 acquiring an additional 26,068 shares during the period. UBS Group AG lifted its stake in Dragonfly Energy by 191.4% in the third quarter. UBS Group AG now owns 25,490 shares of the company’s stock worth $39,000 after acquiring an additional 16,743 shares during the period. Finally, Northern Trust Corp lifted its stake in Dragonfly Energy by 119.0% in the second quarter. Northern Trust Corp now owns 27,351 shares of the company’s stock worth $40,000 after acquiring an additional 14,864 shares during the period. 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.