Market Momentum: Dragonfly Energy Holdings Corp (DFLI) Registers a -25.20 Decrease, Closing at 0.92

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

Dragonfly Energy Holdings Corp (NASDAQ: DFLI) closed the day trading at $0.92 down -25.20% from the previous closing price of $1.23. In other words, the price has decreased by -$25.20 from its previous closing price. On the day, 2.4 million shares were traded. DFLI stock price reached its highest trading level at $1.09 during the session, while it also had its lowest trading level at $0.9005.

Ratios:

For a better understanding of DFLI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.32 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 2.60 whereas as Long-Term Debt/Eq ratio is at 1.28.

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 55442604 and an Enterprise Value of 84714144. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 3.11. Its current Enterprise Value per Revenue stands at 1.316 whereas that against EBITDA is -3.234.

Stock Price History:

The Beta on a monthly basis for DFLI is -0.64, which has changed by -0.6760563 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, DFLI has reached a high of $4.45, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is 32.74%, while the 200-Day Moving Average is calculated to be -5.46%.

Shares Statistics:

Over the past 3-months, DFLI traded about 951.80K shares per day on average, while over the past 10 days, DFLI traded about 1281610 shares per day. A total of 60.26M shares are outstanding, with a floating share count of 22.00M. Insiders hold about 63.49% of the company’s shares, while institutions hold 8.21% stake in the company. Shares short for DFLI as of 1714435200 were 3644604 with a Short Ratio of 3.83, compared to 1711584000 on 3234664. Therefore, it implies a Short% of Shares Outstanding of 3644604 and a Short% of Float of 12.5.

Earnings Estimates

Investors are keenly observing as 2.0 analysts analyze and rate the current performance of Dragonfly Energy Holdings Corp (DFLI) in the stock market.On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.16, while EPS last year was $0.1. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.12 and low estimates of -$0.15.

Analysts are recommending an EPS of between -$0.46 and -$0.58 for the fiscal current year, implying an average EPS of -$0.53. EPS for the following year is -$0.36, with 3.0 analysts recommending between -$0.2 and -$0.44.

Revenue Estimates

3 analysts predict $12.51M in revenue for the current quarter. It ranges from a high estimate of $12.3M to a low estimate of $11.92M. As of the current estimate, Dragonfly Energy Holdings Corp’s year-ago sales were $18.79MFor the next quarter, 3 analysts are estimating revenue of $14.69M. There is a high estimate of $16.9M for the next quarter, whereas the lowest estimate is $12.2M.

A total of 4 analysts have provided revenue estimates for DFLI’s current fiscal year. The highest revenue estimate was $76.21M, while the lowest revenue estimate was $61.3M, resulting in an average revenue estimate of $68.28M. In the same quarter a year ago, actual revenue was $64.39MBased on 3 analysts’ estimates, the company’s revenue will be $115.92M in the next fiscal year. The high estimate is $128.7M and the low estimate is $100.36M.

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