Chardan NexTech Acquisition 2 Corp

Company Profile

Chardan NexTech Acquisition 2 Corp had its IPO on 2022-10-07 under the ticker symbol DFLI.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. Chardan NexTech Acquisition 2 Corp has a staff strength of 171 employees.

Stock update

Shares of Chardan NexTech Acquisition 2 Corp opened at $1.76 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.69 - $1.79, and closed at $1.71.

This is a -2.84% slip from the previous day's closing price.

A total volume of 240,036 shares were traded at the close of the day’s session.

In the last one week, shares of Chardan NexTech Acquisition 2 Corp have slipped by -2.29%.

Chardan NexTech Acquisition 2 Corp's Key Ratios

Chardan NexTech Acquisition 2 Corp has a market cap of $125.73 million, indicating a price to book ratio of 42.4432 and a price to sales ratio of 6.5897.

In the last 12-months Chardan NexTech Acquisition 2 Corp’s revenue was $86.74 million with a gross profit of $24.00 million and an EBITDA of $-41255000. The EBITDA ratio measures Chardan NexTech Acquisition 2 Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Chardan NexTech Acquisition 2 Corp’s operating margin was -48.71% while its return on assets stood at -32.76% with a return of equity of -139.34%.

In Q1, Chardan NexTech Acquisition 2 Corp’s quarterly earnings growth was a positive 0% while revenue growth was a positive 2.7%.

Chardan NexTech Acquisition 2 Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.7 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Chardan NexTech Acquisition 2 Corp’s profitability.

Chardan NexTech Acquisition 2 Corp stock is trading at a EV to sales ratio of 6.5903 and a EV to EBITDA ratio of -5203.1601. Its price to sales ratio in the trailing 12-months stood at 6.5897.

Chardan NexTech Acquisition 2 Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$89.31 million

Total Liabilities

$21.87 million

Operating Cash Flow

$-589000.00

Capital Expenditure

$4.82 million

Dividend Payout Ratio

0%

Chardan NexTech Acquisition 2 Corp ended 2024 with $89.31 million in total assets and $0 in total liabilities. Its intangible assets were valued at $89.31 million while shareholder equity stood at $11.33 million.

Chardan NexTech Acquisition 2 Corp ended 2024 with $0 in deferred long-term liabilities, $21.87 million in other current liabilities, 4000.00 in common stock, $-6673000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $17.78 million and cash and short-term investments were $17.78 million. The company’s total short-term debt was $1,188,000 while long-term debt stood at $0.

Chardan NexTech Acquisition 2 Corp’s total current assets stands at $74.03 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.44 million compared to accounts payable of $14.02 million and inventory worth $49.85 million.

In 2024, Chardan NexTech Acquisition 2 Corp's operating cash flow was $-589000.00 while its capital expenditure stood at $4.82 million.

Comparatively, Chardan NexTech Acquisition 2 Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.71

52-Week High

$28.75

52-Week Low

$2.52

Analyst Target Price

$10

Chardan NexTech Acquisition 2 Corp stock is currently trading at $1.71 per share. It touched a 52-week high of $28.75 and a 52-week low of $28.75. Analysts tracking the stock have a 12-month average target price of $10.

Its 50-day moving average was $2.02 and 200-day moving average was $5.02 The short ratio stood at 0.9 indicating a short percent outstanding of 0%.

Around 7454% of the company’s stock are held by insiders while 555.8% are held by institutions.