KFG Wealth Management LLC Acquires 196,230 Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

KFG Wealth Management LLC boosted its holdings in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLIFree Report) by 174.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,830 shares of the company’s stock after acquiring an additional 196,230 shares during the period. KFG Wealth Management LLC owned approximately 0.51% of Dragonfly Energy worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Koshinski Asset Management Inc. lifted its holdings 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 valued at $130,000 after purchasing an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 8.19% of the company’s stock.

Analyst Ratings Changes

DFLI has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a report on Thursday, May 16th. Chardan Capital restated a “buy” rating and issued a $3.00 price target on shares of Dragonfly Energy in a report on Tuesday, April 16th. Roth Mkm boosted their price target on Dragonfly Energy from $0.90 to $1.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. Alliance Global Partners initiated coverage on Dragonfly Energy in a report on Thursday, May 23rd. They issued a “buy” rating and a $1.75 price target on the stock. Finally, Roth Capital restated a “buy” rating on shares of Dragonfly Energy in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dragonfly Energy currently has an average rating of “Buy” and a consensus price target of $1.79.

Read Our Latest Research Report on DFLI

Dragonfly Energy Price Performance

NASDAQ:DFLI opened at $0.75 on Thursday. The stock’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.68. Dragonfly Energy Holdings Corp. has a 52-week low of $0.43 and a 52-week high of $3.25.

Dragonfly Energy (NASDAQ:DFLIGet Free Report) last released its earnings results on Tuesday, May 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $12.51 million during the quarter, compared to analyst estimates of $12.11 million. Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 114.66%. During the same period in the prior year, the firm posted ($0.28) EPS. On average, analysts expect that Dragonfly Energy Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Dragonfly Energy Company Profile

(Free Report)

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.

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Institutional Ownership by Quarter for Dragonfly Energy (NASDAQ:DFLI)

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