While this happened, Alliance Global Partners initiated its Dragonfly Energy Holdings Corp [DFLI] rating to a Buy in a research note published on May 23, 2024; the price target was $1.75. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Canaccord Genuity began covering DFLI with “Buy” recommendation on January 11, 2023. Chardan Capital Markets started covering the stock on November 18, 2022. It rated DFLI as “a Buy”.
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Price Performance Review of DFLI
On Tuesday, Dragonfly Energy Holdings Corp [NASDAQ:DFLI] saw its stock fall -26.26% to $0.37. Over the last five days, the stock has lost -28.41%. Dragonfly Energy Holdings Corp shares have fallen nearly -31.69% since the year began. Nevertheless, the stocks have fallen -31.90% over the past one year. While a 52-week high of $1.46 was reached on 05/09/24, a 52-week low of $0.43 was recorded on 11/19/24. SMA at 50 days reached $0.5409, while 200 days put it at $0.6792.
Levels Of Support And Resistance For DFLI Stock
The 24-hour chart illustrates a support level at 0.3073, which if violated will result in even more drops to 0.2446. On the upside, there is a resistance level at 0.4555. A further resistance level may holdings at 0.5410. The Relative Strength Index (RSI) on the 14-day chart is 25.37, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0541, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.13%. Stochastics %K at 15.63% indicates the stock is a buying.
How much short interest is there in Dragonfly Energy Holdings Corp?
A steep rise in short interest was recorded in Dragonfly Energy Holdings Corp stocks on 2024-10-31, dropping by -0.11 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.13 million shares. There was a decline of -11.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 17, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
