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

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) – Stock analysts at Roth Capital issued their Q1 2024 earnings per share estimates for Dragonfly Energy in a research report issued to clients and investors on Tuesday, April 16th. Roth Capital analyst C. Moore anticipates that the company will earn ($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 ($0.42) 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.

Several other research firms have also recently commented on DFLI. Chardan Capital reissued a “buy” rating and set a $3.00 target price on shares of Dragonfly Energy in a research report on Tuesday. Roth Mkm reissued a “buy” rating and issued a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Price Performance

Shares of DFLI stock opened at $0.83 on Thursday. Dragonfly Energy has a one year low of $0.43 and a one year high of $5.55. The company has a market cap of $49.99 million, a P/E ratio of -3.07 and a beta of -0.53. The firm has a 50-day moving average of $0.53 and a 200-day moving average of $0.66.

Hedge Funds Weigh In On Dragonfly Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. KFG Wealth Management LLC grew its stake in shares of Dragonfly Energy by 174.3% during the 1st quarter. KFG Wealth Management LLC now owns 308,830 shares of the company’s stock worth $167,000 after acquiring an additional 196,230 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Dragonfly Energy by 68.0% during the 4th quarter. Nuveen Asset Management LLC now owns 64,391 shares of the company’s stock valued at $35,000 after purchasing an additional 26,068 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Dragonfly Energy by 100.0% during the 4th 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Dragonfly Energy by 10.5% during the third quarter. Vanguard Group Inc. now owns 887,161 shares of the company’s stock valued at $1,366,000 after buying an additional 84,213 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Dragonfly Energy by 611.9% in the third quarter. Northern Trust Corp now owns 194,703 shares of the company’s stock worth $300,000 after buying an additional 167,352 shares in the last quarter. 8.19% of the stock is owned by 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.