As of Wednesday close, Dragonfly Energy Holdings Corp.’s (NASDAQ:DFLI) stock was down -$0.11, moving down -5.34 percent to $1.95. The average number of shares traded per day over the past five days has been 1,229,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.55 fall in that time frame. In the last twenty days, the average volume was 3,136,405, while in the previous 50 days, it was 3,845,566.
Since last month, DFLI stock rose 1.04%. Shares of the company fell to $1.73 on 07/17/23, the lowest level in the past month. A 52-week high of $28.75 was reached on 01/04/23 after having rallying from a 52-week low of $1.38. Since the beginning of this year, DFLI’s stock price has dropped by -83.61% or -$9.95, and marked a new high 2 times. However, the stock has declined by -93.22% since its 52-week high.
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Valuation Metrics
The stock’s beta is -0.70. Besides these, the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 2.71.
Financial Health
In the three months ended March 30, Dragonfly Energy Holdings Corp.’s quick ratio stood at 0.50, while its current ratio was 1.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.80% percent. In the year ended March 30, EBITDA margin amounted to -37.00%, whereas operating margins totaled -54.30%. Based on annual data, DFLI earned $24.0 million in gross profit and brought in $86.25 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -125.00%. Return on equity (ROE) for the past 12 months was -165.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DFLI’s revenue rose 100.0% during the quarter, while net income inched up to $18.79 million. While analysts expected Dragonfly Energy Holdings Corp. to report -$0.23 quarterly earnings, the actual figure was $0.1 per share, beating the consensus estimate by 143.50%. During the quarter, the company generated -$9.3 million in EBITDA. The liabilities of Dragonfly Energy Holdings Corp. were 58.19 million at the end of its most recent quarter ended March 30, and its total debt was $26.12 million. The value of shareholders’ equity is $45.89 million.
Technical Picture
This quick technical analysis looks at Dragonfly Energy Holdings Corp.’s (DFLI) price momentum. With a historical volatility rate of 39.81%, the RSI 9-day stood at 31.06% on 16 August.
With respect to its five-day moving average, the current Dragonfly Energy Holdings Corp. price is down by -22.00% percent or -$0.55. At present, DFLI shares trade -5.34% below its 20-day simple moving average and -55.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.83% below its SMA50 and -77.65% below its SMA200.
Stochastic coefficient K was 6.03% and Stochastic coefficient D was 7.35%, while ATR was 0.23. Given the Stochastic reading of 3.67% for the 14-day period, the RSI (14) reading has been calculated as 39.01%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -0.42.
Analyst Ratings
Canaccord Genuity launched its rating on Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) to a Buy in a note to investors on January 11, 2023. Dragonfly Energy Holdings Corp. (DFLI) has been rated Buy by analysts. According to 0 brokerage firms, DFLI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dragonfly Energy Holdings Corp. stock as buy, with 3 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $7.50 – $10.00. Based on these forecasts, analysts predict Dragonfly Energy Holdings Corp. (DFLI) will achieve an average price target of $8.83.
