Dragonfly Energy (NASDAQ:DFLI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dragonfly Energy (NASDAQ:DFLI) had its price target boosted by analysts at Canaccord Genuity Group from $1.00 to $2.25 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 192.25% from the stock’s previous close.

Several other equities analysts also recently issued reports on DFLI. Chardan Capital upgraded shares of Dragonfly Energy to a “strong-buy” rating in a research note on Tuesday, October 7th. Wall Street Zen raised Dragonfly Energy to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Dragonfly Energy in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1.75.

Dragonfly Energy Stock Down 3.8%

Shares of Dragonfly Energy stock opened at $0.77 on Monday. Dragonfly Energy has a 52 week low of $0.15 and a 52 week high of $4.39. The firm’s 50 day moving average is $0.91 and its two-hundred day moving average is $0.52. The firm has a market capitalization of $65.28 million, a P/E ratio of -0.25 and a beta of -0.22.

Dragonfly Energy (NASDAQ:DFLI) last issued its earnings results on Friday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.51. The company had revenue of $15.97 million during the quarter, compared to analyst estimates of $15.97 million. Dragonfly Energy has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Dragonfly Energy will post -6.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dragonfly Energy

An institutional investor recently raised its position in Dragonfly Energy stock. KFG Wealth Management LLC boosted its position in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 85.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,124 shares of the company’s stock after purchasing an additional 84,798 shares during the period. KFG Wealth Management LLC owned about 0.30% of Dragonfly Energy worth $110,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 8.19% of the company’s stock.

About Dragonfly Energy

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.