In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Dragonfly Energy Holdings Corp (NASDAQ: DFLI) closed at $0.81 in the last session, up 10.44% from day before closing price of $0.73. In other words, the price has increased by $10.44 from its previous closing price. On the day, 0.72 million shares were traded. DFLI stock price reached its highest trading level at $0.86 during the session, while it also had its lowest trading level at $0.7.
Ratios:
We take a closer look at DFLI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.42 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on September 14, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
On January 11, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $15.
On November 18, 2022, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $15.Chardan Capital Markets initiated its Buy rating on November 18, 2022, with a $15 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DFLI now has a Market Capitalization of 48816872 and an Enterprise Value of 54794916. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 0.851 whereas that against EBITDA is -2.092.
Stock Price History:
Over the past 52 weeks, DFLI has reached a high of $5.33, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is 51.03%, while the 200-Day Moving Average is calculated to be -23.45%.
Shares Statistics:
According to the various share statistics, DFLI traded on average about 746.33K shares per day over the past 3-months and 3580550 shares per day over the past 10 days. A total of 60.26M shares are outstanding, with a floating share count of 22.00M. Insiders hold about 63.50% of the company’s shares, while institutions hold 8.50% stake in the company. Shares short for DFLI as of 1711584000 were 3234664 with a Short Ratio of 4.33, compared to 1709164800 on 2895777. Therefore, it implies a Short% of Shares Outstanding of 3234664 and a Short% of Float of 10.34.
