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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2604
Positioning
Market Dominance
Manufacturing
Electrical Equipment
$37M
Denis Phares
Chardan NexTech Acquisition 2 Corp. does not have significant operations. The company was incorporated in 2020 and is headquartered in New York, New York.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | 28.5% | 8.0% | 100.0% | 100.0% | 10.4% | -4.6% | 3.3% | 0.0x | $141.8B | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | 46.1% | 16.6% | 51.3% | 31.9% | 26.8% | -4.0% | 1.0% | 25.0x | $272.1B | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | 10.3% | 3.1% | 24.1% | 7.2% | 4.7% | 14.3% | 0.8% | 25.0x | $11.4B | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | 2.2% | 1.5% | 9.3% | 5.3% | 2.2% | -8.5% | 2.2% | 16.0x | $18.9B | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 35.5% | 19.8% | 48.7% | 29.2% | 24.7% | 4.4% | 0.8% | 32.0x | $181.9B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | 11.8% | 8.8% | 45.9% | 11.3% | 11.1% | 25.7% | 3.7% | 0.0x | $1.8B | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.6% | 7.0% | 66.5% | 17.1% | 15.6% | 39.0% | 0.0% | 0.0x | $115M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | 22.6% | 4.9% | 71.2% | 12.8% | 9.4% | 1.7% | 5.9% | 124.0x | $72.1B | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | 3.0% | 1.1% | 20.9% | 7.3% | 1.3% | 3.0% | 0.9% | 67.0x | $1.2B | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | 8.2% | 3.5% | 55.3% | 25.9% | 12.4% | 0.7% | 1.7% | 0.0x | $87.0B | VS | |
$DFLI Dragonfly Energy Holdings Corp. | 46 | 37 | 31 | 88 | - | - | 164.5% | -42.9% | 27.5% | -33.9% | -54.2% | 20.9% | 0.0% | - | $37M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -2.5% | -0.1% | 42.5% | 1.3% | -0.2% | 5.9% | 0.0% | 0.2x | - | REF |
Dragonfly Energy Holdings Corp. (DFLI) receives a "Reduce" rating with a composite score of 46.2/100. It ranks #2604 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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YOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Direct cash return
Denis Phares
Chief Executive Officer
Labor Force
180
37
30
8
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for DFLI
Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Average quality profile
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for DFLI.
View All RatingsMaterial decline in asset turnover efficiency detected
High margin volatility — erratic forensic earnings quality
ROIC -3.2% vs WACC 6.3% (spread -9.5%)
GM 27% vs sector 43%, OM -34% vs sector 1%
Capital turnover 0.17x, R&D intensity 5.0%
Rev growth 21%, 4yr history
Interest coverage -0.6x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Dragonfly Energy Holdings Corp. receives a Reduce rating from our analysis, with a composite score of 46.2/100 and 2 out of 5 stars, ranking #2604 out of 7,333 stocks. DFLI's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
DFLI's quality score of 37/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 164.5% (sector avg: -2.5%), gross margins of 27.5% (sector avg: 42.5%), net margins of -54.2% (sector avg: -0.2%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 31/100, DFLI appears somewhat expensive relative to its fundamentals. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
Dragonfly Energy Holdings Corp.'s investment score of 30/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 20.9% vs. a sector average of 5.9% and a return on assets of -42.9% (sector: -0.1%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
DFLI shows strong momentum characteristics with a score of 88/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at 20.9% year-over-year, while a beta of 2.57 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
Dragonfly Energy Holdings Corp. registers a low stability score of 8/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of 2.57. Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
DFLI carries a short interest score of 64/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include high market sensitivity (beta: 2.57), micro-cap liquidity risk. At $37M market cap (micro-cap), Dragonfly Energy Holdings Corp. offers reasonable institutional liquidity.
Dragonfly Energy Holdings Corp. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #2604 of 7,333 overall (64th percentile). Key comparisons include ROE of 164.5% exceeding the -2.5% sector median and operating margins of -33.9% below the 1.3% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While DFLI currently exhibits a REDUCE profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Improvement in Stability (8) would have the largest impact on the composite score.
ROE 6735% BELOW SECTOR MEDIAN
Gross Margin 35% BELOW SECTOR MEDIAN
Op. Margin 2726% BELOW SECTOR MEDIAN
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate Dragonfly Energy Holdings Corp. (DFLI) as a Reduce with a composite score of 46.2/100 at a current price of $2.51. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential and elevated risk of underperformance relative to peers over the next 12 months.
The rating is primarily driven by strength in momentum (88th percentile) and quality (37th percentile), which together account for the majority of the composite score. Offsetting weakness in stability (8th percentile) and investment (30th percentile) tempers our overall conviction. We assign a No Moat rating (22/100), Very High uncertainty, and Poor capital allocation.
Key items to watch: sustainability of the current growth rate; the path to profitability. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
Dragonfly Energy Holdings Corp. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 46.2/100 places it at rank #2604 in our full 7,333-stock universe. At $37M in market capitalization, Dragonfly Energy Holdings Corp. is a small-cap player in the Manufacturing space, which limits certain scale advantages but may allow for more agile strategic execution.
The near-term outlook is constructive, with revenue growing at 21% and momentum in the 88th percentile confirming positive market sentiment and institutional accumulation. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy. Investment factor at the 30th percentile indicates reinvestment patterns that investors should monitor for sustainability.
The margin cascade tells an important story: gross margins of 27% (-15.0pp vs sector) narrow to operating margins of -34% (-35.2pp vs sector) and net margins of -54.2%, yielding a gross-to-net conversion rate of -197%. The significant margin erosion from gross to net suggests elevated operating expenses, high interest costs, or other structural drags that warrant monitoring.
At a current price of $2.51, Dragonfly Energy Holdings Corp. is trading at a premium to fundamental value. Our value factor score of 31/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. The premium valuation implies the market is pricing in significant future growth or quality improvements that are not yet fully reflected in current fundamentals.
The stock currently trades at P/S of 0.5x. We evaluate these multiples in the context of both absolute levels and sector-relative positioning to form our valuation view.
Returns on equity of 164.5% exceed the cost of equity for most companies, indicating genuine shareholder value creation and a reinvestment engine that compounds wealth over time.
Revenue growth of 21% confirms the business is expanding its addressable market — growth at this level typically supports multiple expansion and attracts institutional capital.
Positive momentum (88th percentile) indicates institutional accumulation and favorable technical dynamics that tend to persist in the intermediate term.
The Reduce rating (composite 46.2/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Thin net margins of -54.2% provide limited cushion against cost pressures, competitive pricing, or macroeconomic headwinds — even small changes in costs could swing the company to a loss.
We assign a Very High uncertainty rating to Dragonfly Energy Holdings Corp.. The stock exhibits multiple compounding risk factors: elevated market sensitivity (beta of 2.57), current negative profitability (net margin -54.2%), below-average price stability (8th percentile). The extreme uncertainty around future cash flows makes precise valuation difficult, and the range of outcomes is exceptionally wide. Only investors with high risk tolerance and extended time horizons should consider this name.
Specific risk factors that inform our assessment include: elevated market sensitivity (beta of 2.57); current negative profitability (net margin -54.2%); below-average price stability (8th percentile). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 8th percentile and quality factor at the 37th percentile provide a quantitative summary of the overall risk landscape.
We identify limited risk mitigants at this time, which contributes to our very high uncertainty assessment. Investors should monitor for improvement in balance sheet metrics, margin stability, and business predictability that could warrant a downgrade in our risk assessment over time.
We rate Dragonfly Energy Holdings Corp.'s capital allocation as Poor. Key concerns include negative profitability, weak asset returns (ROA -42.9%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — Dragonfly Energy Holdings Corp. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, Dragonfly Energy Holdings Corp. receives a Reduce rating with a composite score of 46.2/100 (rank #2604 of 7,333). Our quantitative framework assigns a No Moat (22/100, trend: stable), Very High uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 39/100.
Our analysis does not support a constructive view on Dragonfly Energy Holdings Corp. at this time. The combination of limited competitive advantages, very high uncertainty, and poor capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign Dragonfly Energy Holdings Corp. a meaningful economic moat, scoring 22/100 on our composite assessment. The ROIC-WACC spread of -9.5% is the primary signal of economic value creation. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, growth durability, reached only 6.9/20.
The strongest moat sources are growth durability (6.9/20) and margin superiority (6.3/20). Rev growth 21%, 4yr history. GM 27% vs sector 43%, OM -34% vs sector 1%. These pillars form the core of Dragonfly Energy Holdings Corp.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include reinvestment efficiency (1.7/20) and financial resilience (2.5/20). Capital turnover 0.17x, R&D intensity 5.0%. Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect Dragonfly Energy Holdings Corp.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include robust top-line growth of 21% expanding the revenue base, returns on equity of 164.5% driving shareholder value creation. The margin cascade from 27% gross to -34% operating to -54.2% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 37th percentile.
The margin profile shows gross margins of 27%, operating margins of -34%, net margins of -54.2%. Return metrics include ROE of 164.5% and ROA of -42.9%. Relative to the Manufacturing sector, gross margins are 15.0 percentage points below the sector median of 43%, and ROE of 164.5% compares to a sector median of -2.5%.
The balance sheet reflects revenue growth of 21%. Overall balance sheet health is adequate for the current business environment.
High beta of 2.57 means amplified losses in market selloffs — in a broad market correction, this stock would likely decline more than the index.
Above 50MA
37.18%
Net New Highs
+51081
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