Trading Day Review: Dragonfly Energy Holdings Corp (DFLI) Loses Momentum, Closing at 0.51

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The price of Dragonfly Energy Holdings Corp (NASDAQ: DFLI) closed at $0.51 in the last session, down -1.16% from day before closing price of $0.52. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 0.91 million shares were traded. DFLI stock price reached its highest trading level at $0.522 during the session, while it also had its lowest trading level at $0.49.

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 0.26 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 9.26 whereas as Long-Term Debt/Eq ratio is at 4.56.

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, Alliance Global Partners on May 23, 2024, initiated with a Buy rating and assigned the stock a target price of $1.75.

On September 14, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $4.

On January 11, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $15.Canaccord Genuity initiated its Buy rating on January 11, 2023, 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 32398624 and an Enterprise Value of 76068088. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62 while its Price-to-Book (P/B) ratio in mrq is 5.96. Its current Enterprise Value per Revenue stands at 1.462 whereas that against EBITDA is -3.756.

Stock Price History:

Over the past 52 weeks, DFLI has reached a high of $1.46, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is -6.63%, while the 200-Day Moving Average is calculated to be -24.71%.

Shares Statistics:

According to the various share statistics, DFLI traded on average about 206.12K shares per day over the past 3-months and 237640 shares per day over the past 10 days. A total of 60.26M shares are outstanding, with a floating share count of 32.54M. Insiders hold about 48.17% of the company’s shares, while institutions hold 6.14% stake in the company. Shares short for DFLI as of 1730332800 were 1013937 with a Short Ratio of 4.92, compared to 1727654400 on 1125681. Therefore, it implies a Short% of Shares Outstanding of 1013937 and a Short% of Float of 2.93.

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