Digital Ally Inc. [DGLY] is 148.04% higher this YTD. Is it still time to buy?

Digital Ally Inc. [NASDAQ: DGLY] gained 5.42% on the last trading session, reaching $2.53 price per share at the time. The company report on November 12, 2020 that Digital Ally, Inc. to Host Earnings Call.

Digital Ally, Inc. (NASDAQ:DGLY) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 12, 2020 at 11:15 AM Eastern Time.

To listen to the event live or access a replay of the call – visit

Digital Ally Inc. represents 26.58 million in outstanding shares, while the company has a total market value of $61.00 million with the latest information. DGLY stock price has been found in the range of $2.41 to $2.645.

If compared to the average trading volume of 3.87M shares, DGLY reached a trading volume of 4030727 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 0.28, with the Price to Sales ratio for DGLY stock in the period of the last 12 months amounting to 6.42. The Price to Book ratio for the last quarter was 3.61, with the Price to Cash per share for the same quarter was set at 0.67.

Trading performance analysis for DGLY stock

Digital Ally Inc. [DGLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.53. With this latest performance, DGLY shares gained by 9.52% in over the last four-week period, additionally plugging by 212.35% over the last 6 months – not to mention a rise of 114.41% 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 53.09, with the RSI for the last a single of trading hit 51.81, and the three-weeks RSI is set at 52.32 for Digital Ally Inc. [DGLY]. The present Moving Average for the last 50 days of trading for this stock 2.25, while it was recorded at 2.56 for the last single week of trading, and 2.01 for the last 200 days.

Digital Ally Inc. [DGLY]: A deeper dive into fundamental analysis

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 2.20 and a Current Ratio set at 2.80.

Digital Ally Inc. [DGLY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Digital Ally Inc. posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 44.00%. 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%.

An analysis of insider ownership at Digital Ally Inc. [DGLY]

There are presently around $7 million, or 8.40% of DGLY stock, in the hands of institutional investors. The top three institutional holders of DGLY stocks are: VANGUARD GROUP INC with ownership of 916,098, which is approximately 250.318% of the company’s market cap and around 8.20% of the total institutional ownership; GROUP ONE TRADING, L.P., holding 388,303 shares of the stock with an approximate value of $0.98 million in DGLY stocks shares; and BLACKROCK INC., currently with $0.66 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 November and at the time of the November reporting period, where 25 institutional holders increased their position in Digital Ally Inc. [NASDAQ:DGLY] by around 1,995,370 shares. Additionally, 7 investors decreased positions by around 43,275 shares, while 6 investors held positions by with 672,455 shares. The mentioned changes placed institutional holdings at 2,711,100 shares, according to the latest SEC report filing. DGLY stock had 16 new institutional investments in for a total of 1,206,644 shares, while 5 institutional investors sold positions of 38,452 shares during the same period.

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