DFLI Stock Summary and Trading Ideas (Dragonfly Energy Hldgs | NASDAQ:DFLI)

Dragonfly Energy Holdings Corp is a manufacturer of non-toxic deep cycle lithium-ion batteries that are designed to displace lead acid batteries in a number of different storage applications and end markets including RV, marine vessel, and solar and off-grid industries, with disruptive solid-state cell technology currently under development. The company's deep cycle lithium iron phosphate ("LFP") batteries provide numerous advantages compared to incumbent products, such as lead-acid batteries. LFP batteries are non-toxic and environmentally friendly, do not rely on scarce or controversial metals, and are a highly cost-effective storage solution.

Dragonfly Energy Hldgs trades on the NASDAQ stock market under the symbol DFLI.

As of March 3, 2025, DFLI stock price declined to $1.40 with 235,760 million shares trading.

DFLI has a beta of -0.21, meaning it tends to be less sensitive to market movements. DFLI has a correlation of 0.00 to the broad based SPY ETF.

DFLI has a market cap of $12.13 million. This is considered a Sub-Micro Cap stock.

Last quarter Dragonfly Energy Hldgs reported $13 million in Revenue and -$.99 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.63.

The top ETF exchange traded funds that DFLI belongs to (by Net Assets): VTI, VXF.

DFLI has underperformed the market in the last year with a price return of -72.2% while the SPY ETF gained +16.7%. DFLI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -59.5% and -40.7%, respectively, while the SPY returned -2.2% and -4.3%, respectively.

DFLI support price is $1.80 and resistance is $2.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DFLI shares will trade within this expected range on the day.