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Chardan NexTech Acquisition 2 Corp (DFLI)



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Upturn Advisory Summary
08/28/2025: DFLI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $1
1 Year Target Price $1
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -71.31% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 18.75M USD | Price to earnings Ratio - | 1Y Target Price 1 |
Price to earnings Ratio - | 1Y Target Price 1 | ||
Volume (30-day avg) 2 | Beta -0.65 | 52 Weeks Range 0.15 - 5.78 | Updated Date 08/29/2025 |
52 Weeks Range 0.15 - 5.78 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.76 |
Earnings Date
Report Date 2025-08-14 | When - | Estimate -0.05 | Actual -0.58 |
Profitability
Profit Margin -55.84% | Operating Margin (TTM) -20.19% |
Management Effectiveness
Return on Assets (TTM) -17.84% | Return on Equity (TTM) -1460.48% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 79865931 | Price to Sales(TTM) 0.34 |
Enterprise Value 79865931 | Price to Sales(TTM) 0.34 | ||
Enterprise Value to Revenue 1.46 | Enterprise Value to EBITDA 48.26 | Shares Outstanding 61724600 | Shares Floating 54406525 |
Shares Outstanding 61724600 | Shares Floating 54406525 | ||
Percent Insiders 5.15 | Percent Institutions 7.9 |
Upturn AI SWOT
Chardan NexTech Acquisition 2 Corp

Company Overview
History and Background
Chardan NexTech Acquisition 2 Corp. is a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It was founded in 2020.
Core Business Areas
- SPAC: A special purpose acquisition company (SPAC) that exists solely to acquire or merge with an existing company. They have no commercial operations.
Leadership and Structure
As a SPAC, leadership typically consists of a management team with experience in investment and deal-making. Structure is relatively simple, designed to facilitate the acquisition process.
Top Products and Market Share
Key Offerings
- Acquisition Target: The primary 'product' is the potential acquisition target. Market share is irrelevant until a merger occurs; at that point, the merged entity's market share in its respective industry becomes relevant. Competitors vary based on potential acquisition target.
Market Dynamics
Industry Overview
The SPAC market is dynamic and influenced by regulatory changes, investor sentiment, and the availability of attractive private companies. Increased scrutiny has led to a cooling off period after a boom in 2020-2021.
Positioning
As a SPAC, Chardan NexTech Acquisition 2 Corp's positioning is determined by its ability to identify and successfully merge with a promising private company. This depends on their network, deal-making expertise, and access to capital.
Total Addressable Market (TAM)
TAM is ill-defined until an acquisition is announced and depends on the target company's market. The positioning with respect to TAM is similarly contingent.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Access to Capital via IPO
- Flexibility in Target Selection
Weaknesses
- No Existing Business Operations
- Limited Timeframe to Complete Acquisition
- Dependence on Market Conditions
- Potential for Dilution of Shareholder Value
Opportunities
- Identify High-Growth Target Company
- Capitalize on Market Dislocation
- Generate Significant Returns for Investors
- Attract High-Quality Institutional Investors
Threats
- Inability to Find Suitable Target
- Increased Competition from Other SPACs
- Unfavorable Market Conditions
- Regulatory Changes
- Shareholder Redemptions
Competitors and Market Share
Key Competitors
Competitive Landscape
The competitive landscape involves other SPACs seeking acquisition targets, as well as private equity firms and strategic acquirers.
Growth Trajectory and Initiatives
Historical Growth: Growth is non-applicable prior to an acquisition. Focus is on identifying and closing a successful business combination.
Future Projections: Future projections are dependent on the performance of the acquired company. These are speculative before a deal closes.
Recent Initiatives: Focus on identifying and evaluating potential acquisition targets.
Summary
Chardan NexTech Acquisition 2 Corp. is a SPAC seeking a business combination. Its success hinges on identifying and merging with a valuable private company. The current climate for SPACs is challenging, and shareholder returns are dependent on the acquired target's performance. Potential threats include increased competition and regulatory changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q, S-1)
- Company Website
- Market News and Press Releases
Disclaimers:
Data is based on publicly available information and is subject to change. This analysis is for informational purposes only and does not constitute investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chardan NexTech Acquisition 2 Corp
Exchange NASDAQ | Headquaters Reno, NV, United States | ||
IPO Launch date 2022-10-07 | Founder, Chairman of the Board, President, CEO & Interim CFO Dr. Denis Phares | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 139 | Website https://dragonflyenergy.com |
Full time employees 139 | Website https://dragonflyenergy.com |
Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. It operates in two segments, direct-to-consumers and original equipment manufacturers. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others. It also offers battery management systems for monitoring and controlling of battery systems, and to protect battery cells from damage in various scenarios. The company provides its products under the Dragonfly Energy, Battle Born, and Wakespeed brand names. Dragonfly Energy Holdings Corp. is headquartered in Reno, Nevada.

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