Dragonfly Energy (DFLI) to Release Quarterly Earnings on Wednesday

Dragonfly Energy (NASDAQ:DFLI) will issue its quarterly earnings data after the market closes on Wednesday, August 14th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 114.66%. The company had revenue of $12.51 million for the quarter, compared to the consensus estimate of $12.11 million. During the same period last year, the business posted ($0.28) earnings per share. On average, analysts expect Dragonfly Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dragonfly Energy Trading Down 4.3 %

Shares of NASDAQ:DFLI opened at $0.62 on Tuesday. The stock’s 50-day moving average price is $0.82 and its 200-day moving average price is $0.73. Dragonfly Energy has a 12-month low of $0.43 and a 12-month high of $2.16. The stock has a market capitalization of $37.91 million, a P/E ratio of -1.15 and a beta of -0.78.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DFLI shares. Roth Mkm raised their target price on Dragonfly Energy from $0.90 to $1.50 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Alliance Global Partners assumed coverage on Dragonfly Energy in a research report on Thursday, May 23rd. They set a “buy” rating and a $1.75 price objective on the stock. Roth Capital reaffirmed a “buy” rating on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Stifel Nicolaus lifted their price objective on Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group lifted their price objective on Dragonfly Energy from $1.25 to $1.50 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Dragonfly Energy presently has a consensus rating of “Buy” and a consensus target price of $1.79.

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.