Digital Ally Inc. (DGLY) Is Now En Route to Higher Prices

Digital Ally Inc. (NASDAQ: DGLY) is 208.82% higher on its value in year-to-date trading and has touched a low of $0.64 and a high of $7.10 in the current 52-week trading range. The DGLY stock was last observed hovering at around $3.15 in the recent trading session, with the current loss setting it -0.14% off its average median price target of $5.00 for the next 12 months. It is also 39.8% off the consensus price target high of $5.00 offered by analysts, but current levels are 39.8% higher than the price target low of $5.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


At last check, trading at $3.01, the stock is -20.52% and 29.54% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.57 million and changing -4.44% at the moment leaves the stock 115.53% off its SMA200. DGLY registered 115.75% gain for a year compared to 6-month gain of 194.39%. The firm has a 50-day simple moving average (SMA 50) of $3.0126 and a 200-day simple moving average (SMA200) of $1.4854.

The stock witnessed a -37.00% loss in the last 1 month and extending the period to 3 months gives it a 309.09%, and is 0.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.36% over the week and 19.60% over the month.

Digital Ally Inc. (DGLY) has around 119 employees, a market worth around $74.75M and $10.30M in sales. Profit margin for the company is -88.50%. Distance from 52-week low is 370.28% and -57.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-301.60%).

Digital Ally Inc. (DGLY) Analyst Forecasts

Digital Ally Inc. is expected to release its quarterly report on 08/18/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $2.92M over the same period.The EPS is expected to grow by 54.70% this year, but quarterly earnings will post -7.50% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.

Digital Ally Inc. (DGLY) Top Institutional Holders

25 institutions hold shares in Digital Ally Inc. (DGLY), with 4.04M shares held by insiders accounting for 25.15% while institutional investors hold 5.33% of the company’s shares. The shares outstanding are 13.89M, and float is at 13.85M with Short Float at 24.96%. Institutions hold 3.99% of the Float.

Digital Ally Inc. (DGLY) Insider Activity

A total of 6 insider transactions have happened at Digital Ally Inc. (DGLY) in the last six months, with sales accounting for 4 and purchases happening 2 times. The most recent transaction is an insider sale by Heckman Thomas J, the company’s CFO, Treasurer & Secretary. SEC filings show that Heckman Thomas J sold 110,000 shares of the company’s common stock on Jun 09 at a price of $7.04 per share for a total of $0.77 million. Following the sale, the insider now owns 0.86 million shares.

Digital Ally Inc. (DGLY): Who are the competitors?

The company’s main competitors (and peers) include Sturm Ruger & Company Inc. (RGR) that is trading 43.84% up over the past 12 months. Short interest in the company’s stock has risen 75.62% from the last report on May 14, 2020 to stand at a total of 0.84 million short shares sold with a short interest ratio of 0.17.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free