Digital Ally Inc. [DGLY] Stock trading around $2.92 per share: What’s Next?

Digital Ally Inc. [NASDAQ: DGLY] closed the trading session at $2.92 on 08/11/20. The day’s price range saw the stock hit a low of $2.91, while the highest price level was $3.18.

The stocks have a year to date performance of 186.27 percent and weekly performance of -13.10 percent. The stock has been moved at 189.11 percent over the last six months. The stock has performed 7.35 percent around the most recent 30 days and changed 242.32 percent over the most recent 3-months.

If compared to the average trading volume of 9.52M shares, DGLY reached to a volume of 1564177 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Digital Ally Inc. [DGLY]:

Aegis Capital have made an estimate for Digital Ally Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 29, 2020. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $9 to $4. The new note on the price target was released on November 15, 2017, representing the official price target for Digital Ally Inc. stock. Previously, the target price had yet another raise to $15, while Maxim Group analysts kept a Buy rating on DGLY stock. On November 13, 2015, analysts decreased their price target for DGLY shares from 16 to 7.

The Average True Range (ATR) for Digital Ally Inc. is set at 0.32, with the Price to Sales ratio for DGLY stock in the period of the last 12 months amounting to 7.87.

DGLY stock trade performance evaluation

Digital Ally Inc. [DGLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.10. With this latest performance, DGLY shares gained by 7.35% in over the last four-week period, additionally plugging by 189.11% over the last 6 months – not to mention a rise of 131.75% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DGLY stock in for the last two-week period is set at 39.62, with the RSI for the last a single of trading hit 35.58, and the three-weeks RSI is set at 47.10 for Digital Ally Inc. [DGLY]. The present Moving Average for the last 50 days of trading for this stock 3.43, while it was recorded at 3.18 for the last single week of trading, and 1.63 for the last 200 days.

Digital Ally Inc. [DGLY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Digital Ally Inc. [DGLY] shares currently have an operating margin of -115.24 and a Gross Margin at +30.96. Digital Ally Inc.’s Net Margin is presently recorded at -95.83.

Return on Total Capital for DGLY is now -242.02, given the latest momentum, and Return on Invested Capital for the company is -251.50. Additionally, DGLY Total Debt to Total Capital is recorded at 385.34, with Total Debt to Total Assets ending up at 95.68.

Reflecting on the efficiency of the workforce at the company, Digital Ally Inc. [DGLY] managed to generate an average of -$84,082 per employee. Receivables Turnover for the company is 5.35 with a Total Asset Turnover recorded at a value of 0.90.Digital Ally Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Digital Ally Inc. [DGLY] stock

With the latest financial reports released by the company, Digital Ally Inc. posted -0.59/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -195.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DGLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Digital Ally Inc. go to 20.00%.

Digital Ally Inc. [DGLY]: Insider Ownership positions

There are presently around $2 million, or 2.20% of DGLY stock, in the hands of institutional investors. The top three institutional holders of DGLY stocks are: VANGUARD GROUP INC with ownership of 261,505, which is approximately -3.058% of the company’s market cap and around 8.20% of the total institutional ownership; BLACKROCK INC., holding 76,360 shares of the stock with an approximate value of $0.22 million in DGLY stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.21 million in DGLY stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Digital Ally Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 11 institutional holders increased their position in Digital Ally Inc. [NASDAQ:DGLY] by around 43,776 shares. Additionally, 11 investors decreased positions by around 109,045 shares, while 6 investors held positions by with 412,836 shares. The mentioned changes placed institutional holdings at 565,657 shares, according to the latest SEC report filing. DGLY stock had 7 new institutional investments in for a total of 30,353 shares, while 9 institutional investors sold positions of 100,641 shares during the same period.

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