Digital Ally Inc. [DGLY] is -27.35% lower this YTD. Is it still time to buy?

Digital Ally Inc. [NASDAQ: DGLY] price plunged by -0.58 percent to reach at -$0.01. The company report on May 10, 2021 that Digital Ally Announces Multiple Law Enforcement Contracts Awarded for Body-Worn and In-Car Camera Systems.

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In a series of new and upgrade orders for evidence recording technology, Digital Ally continues to gain traction with its subscription program.

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 event security, announced it has received an upgrade order from Raymore Police Department (MO) for eleven (11) EVO-HD in-car video systems and twenty-six (26) FirstVu HD body-worn cameras hosted on the EVO Web Portal cloud platform. This order was purchased with the help of the Company’s subscription payment program.

A sum of 9511076 shares traded at recent session while its average daily volume was at 5.60M shares. Digital Ally Inc. shares reached a high of $1.94 and dropped to a low of $1.67 until finishing in the latest session at $1.70.

Guru’s Opinion on 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 0.15, with the Price to Sales ratio for DGLY stock in the period of the last 12 months amounting to 8.30. The Price to Book ratio for the last quarter was 3.15, with the Price to Cash per share for the same quarter was set at 0.09.

DGLY Stock Performance Analysis:

Digital Ally Inc. [DGLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.92. With this latest performance, DGLY shares dropped by -1.73% in over the last four-week period, additionally sinking by -35.85% over the last 6 months – not to mention a rise of 95.40% 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 44.57, with the RSI for the last a single of trading hit 42.42, and the three-weeks RSI is set at 44.92 for Digital Ally Inc. [DGLY]. The present Moving Average for the last 50 days of trading for this stock 1.8160, while it was recorded at 1.7560 for the last single week of trading, and 2.3196 for the last 200 days.

Insight into Digital Ally Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Digital Ally Inc. [DGLY] shares currently have an operating margin of -72.88 and a Gross Margin at +38.64. Digital Ally Inc.’s Net Margin is presently recorded at -24.97.

Return on Total Capital for DGLY is now -87.25, given the latest momentum, and Return on Invested Capital for the company is -33.98. Return on Equity for this stock declined to -65.33, with Return on Assets sitting at -17.67. When it comes to the capital structure of this company, Digital Ally Inc. [DGLY] has a Total Debt to Total Equity ratio set at 6.94. Additionally, DGLY Total Debt to Total Capital is recorded at 6.49, with Total Debt to Total Assets ending up at 4.79. Long-Term Debt to Equity for the company is recorded at 6.07, with the Long-Term Debt to Total Capital now at 5.68.

Reflecting on the efficiency of the workforce at the company, Digital Ally Inc. [DGLY] managed to generate an average of -$30,533 per employee. Receivables Turnover for the company is 4.32 with a Total Asset Turnover recorded at a value of 0.71.Digital Ally Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 4.80.

DGLY Stock EPS

With the latest financial reports released by the company, Digital Ally Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -220.00%. 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 Position Details

There are presently around $5 million, or 5.10% 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 4.80% of the total institutional ownership; BLACKROCK INC., holding 729,113 shares of the stock with an approximate value of $1.25 million in DGLY stocks shares; and GROUP ONE TRADING, L.P., currently with $0.69 million in DGLY stock with ownership of nearly 3.897% 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 May and at the time of the May reporting period, where 18 institutional holders increased their position in Digital Ally Inc. [NASDAQ:DGLY] by around 878,181 shares. Additionally, 16 investors decreased positions by around 1,000,521 shares, while 4 investors held positions by with 1,207,364 shares. The mentioned changes placed institutional holdings at 3,086,066 shares, according to the latest SEC report filing. DGLY stock had 8 new institutional investments in for a total of 109,699 shares, while 8 institutional investors sold positions of 152,084 shares during the same period.

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