Digital Ally Inc. [DGLY] Stock trading around $2.52 per share: What’s Next?

Digital Ally Inc. [NASDAQ: DGLY] plunged by $0.0 during the normal trading session on Wednesday and reaching a high of $2.535 during the day while it closed the day at $2.52. The company report on January 29, 2021 that Digital Ally Announces Notable Multi-Year Order for its Body Cameras and EVO-HD In-Car System for Law Enforcement.

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Pickerington Police Department to upgrade to complete ecosystem of video evidence technology with Digital Ally’s subscription payment plan.

Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and security, announced it has received a multi-year upgrade order from Pickerington Police Department (OH) for its complete front- to back-end video evidence solution that includes twenty-five (25) FirstVu HD body-worn cameras, five (5) EVO-HD in-car camera systems, and EVO GovCloud storage solution powered by Amazon Web Services. This order has been purchased through the Company’s subscription payment plan available for first responders.

Digital Ally Inc. stock has also loss -6.32% of its value over the past 7 days. However, DGLY stock has declined by 0.00% in the 3 months of the year. Over the past six months meanwhile, it has gained 21.74% and gained 7.69% year-on date.

The market cap for DGLY stock reached $102.56 million, with 26.61 million shares outstanding and 23.59 million shares in the current float. Compared to the average trading volume of 7.29M shares, DGLY reached a trading volume of 8525593 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 0.21, with the Price to Sales ratio for DGLY stock in the period of the last 12 months amounting to 10.06. The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 0.20.

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 -6.32. With this latest performance, DGLY shares dropped by -17.38% in over the last four-week period, additionally plugging by 21.74% over the last 6 months – not to mention a rise of 90.91% 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 44.22, with the RSI for the last a single of trading hit 39.64, and the three-weeks RSI is set at 46.60 for Digital Ally Inc. [DGLY]. The present Moving Average for the last 50 days of trading for this stock 2.67, while it was recorded at 2.57 for the last single week of trading, and 2.53 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 3.10 and a Current Ratio set at 4.50.

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

With the latest financial reports released by the company, Digital Ally Inc. posted -0.28/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%.

Digital Ally Inc. [DGLY]: Insider Ownership positions

There are presently around $7 million, or 7.80% of DGLY stock, in the hands of institutional investors. The top three institutional holders of DGLY stocks are: VANGUARD GROUP INC with ownership of 1,136,813, which is approximately 24.093% of the company’s market cap and around 6.10% of the total institutional ownership; GROUP ONE TRADING, L.P., holding 403,436 shares of the stock with an approximate value of $1.02 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.

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Positions in Digital Ally Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 16 institutional holders increased their position in Digital Ally Inc. [NASDAQ:DGLY] by around 504,685 shares. Additionally, 17 investors decreased positions by around 1,049,882 shares, while 5 investors held positions by with 1,143,706 shares. The mentioned changes placed institutional holdings at 2,698,273 shares, according to the latest SEC report filing. DGLY stock had 7 new institutional investments in for a total of 204,165 shares, while 9 institutional investors sold positions of 164,057 shares during the same period.

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