4/6/23 *UPDATE*
Greetings Readers,
We’re continuing coverage today on Dragonfly Energy Holdings Corp. (DFLI).
Alerted as a potential reversal/bounce idea, DFLI has strung together 2 straight green closes and still had a 14-Day Relative Strength Index below 40% at close yesterday.
With a Canaccord Genuity $15 price target and a low float of under 4Mn shares, DFLI remains an explosive idea to keep on radar today.
If updates become necessary, we’ll get them to you immediately today. Be in touch soon.
Sincerely,
Virtus Junxit
4/5/23 *2PM UPDATE*
Greetings Readers,
Do you still have DFLI on radar today? If not, here’s why you need to pull it up now.
With DFLI reaching a new high this week of $3.42+ today, this Nasdaq idea has DFLI has incrementally improved on yesterday’s high.
At the same time, it is maintaining well into the 2nd half of today’s session in the green.
But here’s why DFLI needs to remain on your watch-list for the immediate term:
No. 1: This profile traded at $5.00 less than 2 weeks ago.
No. 2: A 52-week high of $28.75 provides over 700% potential upside from current levels.
No. 3: DFLI also has Canaccord Genuity $15 price target.
Will DFLI go rocketing to those levels today or this week? Most likely not.
The key takeaway here is that DFLI may be viewed as undervalued from its current trading levels when you take into account those 3 higher marks above.
It’s imperative to keep DFLI on radar with a close watch as its low float of under 4Mn shares provides strong volatility potential in the blink of an eye.
When more updates are available, we’ll have them out quickly. Talk again shortly.
Sincerely,
Virtus Junxit
4/5/23 *UPDATE*
Greetings Readers,
DFLI came out hot yesterday morning.
And here’s the best part, it may just be the beginning of something bigger.
But let me get back to that in a second…
Opening Tuesday at $3.15, DFLI quickly hit the sprint button to surge to a high of $3.42 on the session before closing green.
To give you an idea of how much DFLI could be undervalued from its closing valuation yesterday, it was trading at $5.00 two weeks ago, has a 52-week high of $28.75, and a $15 price target.
Now, do we believe that DFLI is going to go rocketing to any of those levels today or this week? No. Nothing is certain. But the potential upside to those levels is too much to ignore.
Okay. Let me get back to my “beginning of something bigger” comment above.
With DFLI’s green close, it could be a signal that this Nasdaq idea bottomed out and the initial stages of a reversal are in progress.
We hit on it hard in the report. DFLI had several key oversold leaning technical indicators heading into Tuesday’s opening bell. These technicals suggested a possible reversal/bounce could be nearing. Is that what we witnessed yesterday?
Get DFLI back to the top of your watch-list quickly today because low float (under 4Mn shares) profiles can provide extreme volatility at the drop of a hat.
When any more DFLI updates are necessary, you’ll get them as quickly as possible. Talk shortly.
Sincerely,
Virtus Junxit
4/4/23 *10AM UPDATE*
Greetings Readers,
DFLI is not messing around this morning.
Heating up after my release in pre-market, DFLI has taken things to another level after the opening bell.
Currently up approximately 12%, DFLI could be in the early stages of a potential bounce/reversal.
As I mentioned in my previous message, DFLI had several oversold leaning technicals to watch closely as they were in certain territories that can paint a profile to be undervalued.
And speaking of potentially undervalued, DFLI is still trading significantly off its $15 price target and its 52-week high of $28.75.
Do we expect DFLI to go to either of those levels today? No. But the potential upside needs to be noted after this Nasdaq breakout idea’s hot start.
Take a second to get DFLI pulled up quickly. When another update is necessary, we’ll get it out quickly.
Sincerely,
Virtus Junxit
4/4/23
Greetings Readers,
A new week brings new opportunities. Let’s get after it.
Today I’m bringing you a new Nasdaq breakout idea.
And, if it’s anything like some of my recent alerts, it could become a near term jaw-dropper.
Here’s a quick list of a few breakout ideas I’ve delivered over the last month (approx. short term runs):
- (3/24’s) Profile: 23%
- (3/13’s) Profile: 17%
- (3/8’s) Profile: 37%
Cool stuff, but that’s the past. Let’s look forward.
This new breakout idea has a low float (under 4Mn shares), several oversold leaning technicals indicating the potential for a reversal/bounce, and an analyst $15 target providing a 300+% potential upside…
Understand why it requires your full focus yet?
Time’s running short to get this Nasdaq tech idea on radar today:
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading supplier of deep cycle lithium-ion batteries. Dragonfly’s research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes.
Now you’ve got a taste, but let’s pull back the curtains even more…
Introducing Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (1)
One emerging company in the green energy storage space is Dragonfly Energy Holdings Corp. (DFLI). Headquartered in Reno, Nevada, Dragonfly Energy is a manufacturer and supplier of deep cycle lithium-ion batteries for various applications, including RVs, marine vessels, off-grid installations, and more.
The company focuses on delivering sustainable energy storage solutions to enable a smart grid through the deployment of its solid-state cell technology. In addition to manufacturing lithium-ion batteries, Dragonfly Energy is actively engaged in the research and development of next-generation non-flammable solid-state batteries, aiming to address future energy storage needs.
Dragonfly Energy’s commitment to innovation, its robust patent portfolio, and its dedication to cleaner and more efficient battery manufacturing processes make it a compelling choice for readers seeking exposure to the booming green energy storage market.
As the world continues on its path to a cleaner and more sustainable future, green energy storage will be a critical enabler of the energy transition.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI): At the Forefront of Lithium-Ion Technology for Renewable Energy Storage (2)
Harnessing the power of the sun, utilizing the strength of the wind, and turning the movement of water into power—renewable energy is all around us. But what happens if the water dries up, when the sun sets, and when the wind dies down? We lose power. But what if we didn’t have to? What if we could ensure that we use every ounce of that energy, whether it’s intermittent or not? The solution is storage.
Dragonfly Energy Holdings Corp. (DFLI) has been at the forefront of integrating lithium-ion technology to deliver environmentally impactful solutions for energy storage. Their batteries have powered RVs, marine vessels, industrial applications, and off-grid properties for years, and now is the time for a bigger, brighter future. As our world makes the shift, living off green energy is possible, no matter how intermittent that source is. Through manufacturing and advanced research and development, Dragonfly Energy Holdings Corp. (DFLI) is putting Americans to work and developing technology for our future.
Powering life on the water, on the road, at home, or at work, Dragonfly Energy Holdings Corp. (DFLI) is here to harness the unlimited potential of renewable energy. They’re increasing the adoption of energy sources, reducing emissions, and furthering the energy transition from being tied to the grid to being free and sustainable. As the industry leader in green energy storage, Dragonfly Energy Holdings Corp. (DFLI) is powering lives with products that are safe, reliable, and powerful—products that are revolutionary.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Disrupts Energy Storage: Lead Acid Batteries Out, Advanced Lithium-Ion Technology In (3)
For decades, lead acid batteries have served as the primary technology for energy storage across various industries. Despite their widespread use, technological advancements have been limited, causing industries to struggle with the need for safe, efficient, and cost-effective energy storage. Enter Dragonfly Energy Holdings Corp. (DFLI), the company that’s already elevating energy storage technology to new heights.
The market is dominated by lead acid batteries, which are currently the go-to technology for deep-cycle storage. However, Dragonfly Energy Holdings Corp. (DFLI) aims to disrupt this status quo by targeting a wide range of markets including data centers, railroads, forklifts, emergency vehicles, and more. The company’s mission is to replace lead acid batteries with its advanced lithium-ion technology, opening up a potential market worth tens of Bn’s of dollars.
Dragonfly Energy’s ETL-Listed lithium-ion batteries address the limitations of lead-acid batteries, which suffer from poor shelf life and toxicity. For example, in material handling and forklift industries, lead-acid batteries have traditionally been installed after the manufacturing process due to these deficiencies. However, lithium-ion batteries enable original equipment manufacturers (OEMs) to install the batteries directly during manufacturing, eliminating post-production hassles.
Security and industrial solar applications also stand to benefit from Dragonfly Energy’s lithium-ion technology. Whether it’s powering cameras in the sky or solar panels for license plate readers and radar detectors, lithium-ion batteries offer an improved return on investment and performance. Dragonfly Energy’s engineering team is innovating and developing custom solutions for OEMs, enabling them to shine in a variety of applications.
The possibilities for Dragonfly Energy Holdings Corp. (DFLI) are limitless, and the future looks bright for this trailblazing company. With its advanced technology, Dragonfly Energy is poised to enter new markets and revolutionize energy storage. From powering lives to changing the way energy storage is perceived, Dragonfly Energy is at the forefront of industry innovation.
The company’s rapid growth and success to date have laid the groundwork for further expansion. As Dragonfly Energy Holdings Corp. (FLI) continues to displace lead-acid batteries in various markets, it is also setting its sights on revolutionizing the energy grid—a monumental opportunity. Ultimately, Dragonfly Energy envisions its batteries being present in every home, marking a transformative shift in the energy storage landscape.
Check out the full company presentation here.
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As mentioned above, DFLI has multiple potential breakout catalysts to soak in as quickly as possible. Check them out:
No. 1: This profile’s low float provides the capacity for volatility potential.
We’ve been delivering several breakout ideas over the last 6 months. On almost every one of those occasions, they had a low float.
Guess which other profile has a low float, too? DFLI.
With around 3.76Mn shares in its float according to Yahoo Finance, volatility can appear at the drop of a hat.
It may take another potential catalyst, like positive company news, to provide the groundwork for volatility to make an appearance.
Either way, when it does, make sure to watch a profile with eagle eyes as chart movements can happen quickly.
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No. 2: A price target of $15 gives DFLI over 350% potential upside from its closing valuation Monday.
Earlier this year, Canaccord Genuity analyst, George Gianarikas, gave DFLI a $15.00 target.
That’s a biggun.
When DFLI came to close on Monday, that target gave this Nasdaq idea a potential upside of over 350%!
Take in a few details directly from the Canaccord Genuity report:
Initiating coverage with a BUY rating and $15 price target.
Using our DCF analysis, we generate a $15 price target. Dragonfly has created a strong niche leading traditional lead-acid markets into the li-ion age with its premium offering.
We expect the company to continue gaining traction in RVs and penetrate additional markets – including marine – to supplement growth.
Longer term, Dragonfly’s solid-state efforts add optionality to the equity as the company looks to develop into a vertically integrated leader in energy storage markets.
The company must now prove it can sustain its premium pricing, penetrate new verticals, and make its solid state offering a reality.
In our DCF, we are therefore using a ~12% discount rate but are assuming a ~5% terminal growth rate, which captures the substantial opportunity ahead.
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No. 3: Could a possible bounce/reversal be heading DFLI’s way as key technicals move to oversold territory?
When Monday’s closing bell came around, DFLI had a handful of oversold leaning technical indicators signaling a potential bounce/reversal may be on the way.
Take a look at these 4 key technical indicators from Barchart:
- 9-Day Relative Strength Index (RSI): 34.70%
- 14-Day Relative Strength Index: 35.89%
- 14-Day Raw Stochastic: 19.49%
- 14-Day Williams %R: 80.51%
Sink your teeth into this…
Entering the 30% range or lower, a 9-Day or 14-Day RSI can be considered to be in oversold territory.
Also, when a 14-Day Raw Stochastic falls to the 10% range or below, it may also be considered oversold.
Furthermore, when a 14-Day Williams %R is in the 90% range or above, it can act as an indicator of a profile in oversold territory.
Check out the complete reversal definition over at Investopedia.
These technicals could be a major signal, so watch them closely as the week transpires.
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Drop everything and get Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) on your screen before it’s too late.
I’ll be in touch with updates when necessary. Talk again soon.
Sincerely,
Virtus Junxit
