Chardan Nextech Acquisition Stock Today
| DFLI Stock | USD 0.95 0.02 2.15% |
Performance10 of 100
| Odds Of DistressLess than 43
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Chardan NexTech is trading at 0.95 as of the 11th of June 2024. This is a 2.15% increase since the beginning of the trading day. The stock's open price was 0.93. Chardan NexTech has about a 43 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Equity ratings for Chardan NexTech Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of March 2024 and ending today, the 11th of June 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 7th of October 2022 | Category Industrials |
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 has 60.51 M outstanding shares of which 3.64 M shares are currently shorted by private and institutional investors with about 1.6 trading days to cover. More on Chardan NexTech Acquisition
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Chardan Stock Highlights
| Business Concentration | Industrial Machinery & Supplies & Components, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Industrials, Machinery, Electrical Equipment & Parts, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Chardan NexTech can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Chardan NexTech's financial leverage. It provides some insight into what part of Chardan NexTech's total assets is financed by creditors.
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Chardan NexTech Acquisition (DFLI) is traded on NASDAQ Exchange in USA. It is located in 1190 Trademark Drive, Reno, NV, United States, 89521 and employs 150 people. Chardan NexTech is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 55.98 M. Chardan NexTech Acqu conducts business under Machinery sector and is part of Industrials industry. The entity has 60.51 M outstanding shares of which 3.64 M shares are currently shorted by private and institutional investors with about 1.6 trading days to cover.
Chardan NexTech Acquisition currently holds about 10.52 M in cash with (17.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.47.
Check Chardan NexTech Probability Of Bankruptcy
Ownership AllocationChardan NexTech holds a total of 60.51 Million outstanding shares. Chardan NexTech Acquisition retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Chardan Ownership Details
Chardan Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2024-03-31 | 64.7 K | |
| Nuveen Asset Management, Llc | 2024-03-31 | 64.4 K | |
| Bank Of New York Mellon Corp | 2024-03-31 | 52.8 K | |
| Wells Fargo & Co | 2024-03-31 | 52.2 K | |
| Goldman Sachs Group Inc | 2024-03-31 | 49.9 K | |
| Jpmorgan Chase & Co | 2024-03-31 | 44.9 K | |
| Simplex Trading, Llc | 2024-03-31 | 34.4 K | |
| Ubs Group Ag | 2024-03-31 | 29.8 K | |
| Sei Investments Co | 2024-03-31 | 26.3 K | |
| Blackrock Inc | 2024-03-31 | 1.4 M | |
| Vanguard Group Inc | 2024-03-31 | 909.1 K |
Chardan NexTech Historical Income Statement
Chardan Stock Against Markets
Chardan NexTech Corporate Management
| Wade Seaburg | Chief Officer | Profile | |
| Denis Phares | Chairman, CoFounder | Profile | |
| Tyler Bourns | Chief Officer | Profile | |
| John MBA | Chief Officer | Profile | |
| Nicole Harvey | Compliance Officer | Profile |
Additional Information and Resources on Investing in Chardan Stock
When determining whether Chardan NexTech Acqu is a strong investment it is important to analyze Chardan NexTech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chardan NexTech's future performance. For an informed investment choice regarding Chardan Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chardan NexTech. If investors know Chardan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chardan NexTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Revenue Per Share 1.027 | Quarterly Revenue Growth (0.34) | Return On Assets (0.16) | Return On Equity (1.16) |
The market value of Chardan NexTech Acqu is measured differently than its book value, which is the value of Chardan that is recorded on the company's balance sheet. Investors also form their own opinion of Chardan NexTech's value that differs from its market value or its book value, called intrinsic value, which is Chardan NexTech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chardan NexTech's market value can be influenced by many factors that don't directly affect Chardan NexTech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chardan NexTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chardan NexTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chardan NexTech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.