Dragonfly Energy Holdings Corp. to Post Q1 2024 Earnings of ($0.16) Per Share, Roth Capital Forecasts (NASDAQ:DFLI)

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Roth Capital issued their Q1 2024 EPS estimates for Dragonfly Energy in a research note issued on Tuesday, April 16th. Roth Capital analyst C. Moore forecasts that the company will post earnings per share of ($0.16) for the quarter. Roth Capital currently has a “Buy” rating on the stock. The consensus estimate for Dragonfly Energy’s current full-year earnings is ($0.42) 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.

Other research analysts have also issued research reports about the company. Chardan Capital reiterated a “buy” rating and issued a $3.00 price target on shares of Dragonfly Energy in a research report on Tuesday. Roth Mkm reiterated a “buy” rating and set a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Stock Up 9.6 %

Shares of NASDAQ:DFLI opened at $0.83 on Thursday. The firm has a fifty day simple moving average of $0.53 and a two-hundred day simple moving average of $0.66. Dragonfly Energy has a 52 week low of $0.43 and a 52 week high of $5.55. The stock has a market capitalization of $49.99 million, a P/E ratio of -3.07 and a beta of -0.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Dragonfly Energy in the third quarter worth approximately $32,000. Allspring Global Investments Holdings LLC purchased a new position in Dragonfly Energy during the 3rd quarter valued at about $34,000. Nuveen Asset Management LLC lifted its position in shares of Dragonfly Energy by 68.0% in the 4th quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock worth $35,000 after purchasing an additional 26,068 shares during the period. UBS Group AG boosted its stake in shares of Dragonfly Energy by 191.4% during the third quarter. UBS Group AG now owns 25,490 shares of the company’s stock valued at $39,000 after purchasing an additional 16,743 shares in the last quarter. Finally, Northern Trust Corp raised 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 buying an additional 14,864 shares in the last quarter. 8.19% of the stock is currently owned by institutional investors.

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.