Dragonfly Energy (NASDAQ:DFLI) Trading 17.3% Higher

Posted by Defense World Staff on Apr 13th, 2023

Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Get Rating) traded up 17.3% during trading on Wednesday . The company traded as high as $3.94 and last traded at $3.73. Approximately 347,740 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 159,388 shares. The stock had previously closed at $3.18.

Analyst Ratings Changes

DFLI has been the topic of a number of research analyst reports. Canaccord Genuity Group began coverage on shares of Dragonfly Energy in a report on Wednesday, January 11th. They issued a “buy” rating and a $15.00 target price on the stock. Chardan Capital dropped their price objective on Dragonfly Energy from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, February 10th.

Dragonfly Energy Trading Up 17.3 %

The firm’s 50-day moving average price is $4.61.

Institutional Investors Weigh In On Dragonfly Energy

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC bought a new position in shares of Dragonfly Energy in the fourth quarter worth $688,000. Charles Schwab Investment Management Inc. bought a new position in Dragonfly Energy in the 4th quarter valued at about $514,000. Finally, Barclays PLC acquired a new position in shares of Dragonfly Energy in the 4th quarter valued at approximately $145,000.

Dragonfly Energy Company Profile

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Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-grid installations, and other storage applications. It also focuses on delivering an energy storage solution to enable a sustainable and reliable smart grid through the deployment of its solid-state cell technology.