Dragonfly Energy (NASDAQ:DFLI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Posted by Karen Miller on May 17th, 2024

Dragonfly Energy (NASDAQ:DFLI – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01), Zacks reports. The business had revenue of $12.51 million for the quarter, compared to the consensus estimate of $12.11 million. Dragonfly Energy had a negative net margin of 50.04% and a negative return on equity of 104.13%. During the same period in the prior year, the company earned ($0.28) EPS. Dragonfly Energy updated its Q2 2024 guidance to -0.160–0.130 EPS.

Dragonfly Energy Price Performance

DFLI opened at $1.01 on Friday. Dragonfly Energy has a 12 month low of $0.43 and a 12 month high of $4.45. The stock’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.62. The stock has a market cap of $60.86 million, a P/E ratio of -1.87 and a beta of -0.84.

Analyst Ratings Changes

DFLI has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Dragonfly Energy from $1.25 to $1.50 and gave the company a “buy” rating in a research note on Wednesday. Chardan Capital restated a “buy” rating and set a $3.00 price objective on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Roth Mkm increased their target price on Dragonfly Energy from $0.90 to $1.50 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Dragonfly Energy from $1.00 to $1.20 and gave the company a “buy” rating in a report on Thursday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dragonfly Energy in a report on Tuesday, April 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dragonfly Energy currently has an average rating of “Buy” and an average price target of $1.80.

Check Out Our Latest Report on Dragonfly Energy

Dragonfly Energy Company Profile

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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.