Streetbeat News

DFLI

Dragonfly Energy Holdings Corp.

Industry

Electrical Equipment & Parts

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. The company is headquartered in Reno, Nevada.

Open

0.55

Mkt cap

33M

Volume

249K

High

0.55

P/E Ratio

-1.03

52-wk high

1.46

Low

0.51

Div yield

N/A

52-wk low

0.42

U.S. stocks traded mostly lower with the Dow Jones falling over 100 points. Dick's Sporting Goods (DKS) reported worse-than-expected Q2 results and lowered FY23 guidance. Fulcrum Therapeutics (FULC), Fabrinet (FN), and ProMIS Neurosciences (PMN) saw their shares rise after positive news. Republic First Bancorp (FRBK) and Dragonfly Energy Holdings (DFLI) shares dropped due to negative news.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 7:07 pm

The article lists the stocks that gained and lost the most in Tuesday's mid-day session. Among the gainers were Fulcrum Therapeutics, VinFast Auto, and Axcella Health, while the losers included Republic First Bancorp, Tingo Group, and SOS Limited. Macy's shares fell by 11.1% after the company reported its Q2 financial results.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 5:50 pm

During Tuesday's intraday session, several industrial stocks experienced significant movements. Ultralife, Matrix Service, Laser Photonics, ESS Tech, 1847 Holdings, and Broadwind saw their shares rise by 22.4%, 19.56%, 16.34%, 15.61%, 15.38%, and 13.11% respectively. On the other hand, SOS, Orbital Infr Gr, Dragonfly Energy Hldgs, Ault Alliance, Greenwave Tech Solns, and CEA Industries saw their shares fall by 32.6%, 16.93%, 16.92%, 12.25%, 10.55%, and 10.25% respectively.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:31 pm

US stocks traded mixed with the Dow Jones falling over 100 points while the NASDAQ and S&P 500 rose. Existing-home sales in the US fell 2.2% from a month ago. Fulcrum Therapeutics, Fabrinet, and Sidus Space saw their shares rise after positive news. Republic First Bancorp, DICK'S Sporting Goods, and Dragonfly Energy Holdings saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 4:36 pm

Canaccord Genuity analyst George Gianarikas has maintained a 'Buy' rating on Dragonfly Energy Hldgs (NASDAQ:DFLI) but lowered the price target from $9 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:18 pm

The article reports on the movement of 12 industrial stocks in Tuesday's pre-market session. Sidus Space, 1847 Holdings, Freight Technologies, AERWINS Technologies, AerSale, and Shapeways Holdings were the gainers, while Dragonfly Energy Hldgs, SOS, ESS Tech, Agrify, Karat Packaging, and TOMI Environmental Solns were the losers.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 1:06 pm

ProMIS Neurosciences shares surged 32.9% in pre-market trading after announcing a $20.4 million private placement financing at $1.88 per unit. Other pre-market gainers include Axcella Health, G Medical Innovations Holdings, Freight Technologies, and Hallmark Financial Services. On the other hand, Tingo Group, MediaCo Holding, China SXT Pharmaceuticals, Dragonfly Energy Holdings, and SOS Limited were among the pre-market losers.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:31 pm

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) reported a Q2 FY23 sales decline of 10.6% YoY to $19.27 million, missing the analyst consensus of $20.80 million. The company's gross profit for Q2 dropped 41.7% to $4.1 million, and the net loss for the quarter expanded to $(11.7) million from $(1.5) million last year. The company's Q3 outlook is also weak, with expected revenue of $16 million - $20 million, significantly lower than the consensus estimate of $36.35 million.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 11:16 am

Several industrial stocks experienced significant movement in Monday's after-market session. Freight Technologies, Hyzon Motors, Ocean Power Techs, Shapeways Holdings, Matrix Service, and Shyft Group saw gains, while Dragonfly Energy Hldgs, SOS, ESGL Holdings, Clarivate, FiscalNote Holdings, and Xos experienced declines.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 9:31 pm

Dragonfly Energy Holdings (DFLI) expects Q3 earnings per share (EPS) to be between $(0.27) and $(0.21), lower than the estimated $(0.07). The company also forecasts revenue to be between $16M and $20M, which is significantly less than the estimated $36.35M.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:18 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.