Dragonfly Energy’s (DFLI) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital reissued their buy rating on shares of Dragonfly Energy (NASDAQ:DFLI) in a research note released on Tuesday morning, Benzinga reports. They currently have a $3.00 target price on the stock.

Separately, Roth Mkm restated a buy rating and issued a $0.90 price objective on shares of Dragonfly Energy in a report on Tuesday.

Dragonfly Energy Trading Up 22.9 %

Shares of DFLI opened at $0.76 on Tuesday. The firm has a market cap of $45.06 million, a P/E ratio of -2.80 and a beta of -0.53. Dragonfly Energy has a 12-month low of $0.43 and a 12-month high of $5.55. The company’s 50-day moving average price is $0.52 and its 200 day moving average price is $0.66.

Institutional Trading of Dragonfly Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Dragonfly Energy by 805.7% during the second quarter. BlackRock Inc. now owns 893,648 shares of the company’s stock worth $1,323,000 after purchasing an additional 794,975 shares during the period. Vanguard Group Inc. increased its stake in Dragonfly Energy by 10.5% during the third quarter. Vanguard Group Inc. now owns 887,161 shares of the company’s stock worth $1,366,000 after purchasing an additional 84,213 shares during the period. Geode Capital Management LLC increased its stake in Dragonfly Energy by 233.4% during the second quarter. Geode Capital Management LLC now owns 255,710 shares of the company’s stock worth $378,000 after purchasing an additional 179,013 shares during the period. Koshinski Asset Management Inc. increased its stake in Dragonfly Energy by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock worth $130,000 after purchasing an additional 120,000 shares during the period. Finally, Northern Trust Corp increased its stake in Dragonfly Energy by 611.9% during the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock worth $300,000 after purchasing an additional 167,352 shares during the period. 8.19% of the stock is currently owned by hedge funds and other 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.