Dragonfly Energy (NASDAQ:DFLI) Downgraded by Alliance Global Partners to Neutral

Dragonfly Energy (NASDAQ:DFLI) was downgraded by Alliance Global Partners from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. They presently have a $1.50 price target on the stock, down from their prior price target of $9.00. Alliance Global Partners’ price objective would suggest a potential upside of 15.38% from the stock’s previous close.

Dragonfly Energy Stock Down 5.8 %

Shares of DFLI stock opened at $1.30 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. Dragonfly Energy has a 52 week low of $1.05 and a 52 week high of $13.14. The company’s fifty day simple moving average is $2.00 and its two-hundred day simple moving average is $3.43. The stock has a market cap of $9.43 million, a P/E ratio of -0.32 and a beta of -0.76.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings data on Monday, March 24th. The company reported ($1.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.35) by $0.34. Dragonfly Energy had a negative net margin of 56.80% and a negative return on equity of 251.32%. The business had revenue of $12.21 million during the quarter, compared to the consensus estimate of $13.71 million. Analysts predict that Dragonfly Energy will post -6.48 EPS for the current fiscal year.

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.