Digital Ally Inc. (NASDAQ: DGLY) is 129.41% 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 $2.37 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $5.00 for the next 12 months. It is also 53.2% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 53.2% higher than the price target low of $5.00 for the same period.
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Currently trading at $2.34, the stock is -8.58% and -5.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.27% at the moment leaves the stock 5.02% off its SMA200. DGLY registered 127.18% gain for a year compared to 6-month loss of -29.09%. The firm has a 50-day simple moving average (SMA 50) of $2.5013 and a 200-day simple moving average (SMA200) of $2.6092.
The stock witnessed a -5.65% gain in the last 1 month and extending the period to 3 months gives it a 4.93%, and is -9.65% down 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 6.61% over the week and 8.28% over the month.
Digital Ally Inc. (DGLY) has around 119 employees, a market worth around $63.51M and $10.20M in sales. Profit margin for the company is -56.40%. Distance from 52-week low is 265.60% and -67.04% 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
Analyst recommendations provided by FactSet shows that the consensus forecast for Digital Ally Inc. (DGLY) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Digital Ally Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $3M over the same period.The EPS is expected to grow by 54.70% this year, but quarterly earnings will post 3.00% year-over-year. Quarterly sales are estimated to grow 24.00% in year-over-year returns.
Digital Ally Inc. (DGLY) Top Institutional Holders
34 institutions hold shares in Digital Ally Inc. (DGLY), with 3.64M shares held by insiders accounting for 13.58% while institutional investors hold 14.53% of the company’s shares. The shares outstanding are 26.61M, and float is at 23.14M with Short Float at 14.94%. Institutions hold 12.56% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.92 million shares valued at $1.96 million. The investor’s holdings represent 3.42% of the DGLY Shares outstanding. As of Sep 29, 2020, the second largest holder is Morgan Stanley with 0.51 million shares valued at $1.09 million to account for 1.90% of the shares outstanding. The other top investors are Group One Trading, L.P. which holds 0.39 million shares representing 1.45% and valued at over $0.83 million, while Susquehanna International Group, LLP holds 1.02% of the shares totaling 0.27 million with a market value of $0.59 million.
Digital Ally Inc. (DGLY) Insider Activity
The most recent transaction is an insider sale by Hutchins Daniel F, the company’s Director. SEC filings show that Hutchins Daniel F sold 1,250 shares of the company’s common stock on Dec 10 at a price of $2.57 per share for a total of $3215.0. Following the sale, the insider now owns 32686.0 shares.
Digital Ally Inc. disclosed in a document filed with the SEC on Dec 08 that Ross Stanton E (Chairman, CEO & President) sold a total of 35,790 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $2.41 per share for $86236.0. Following the transaction, the insider now directly holds 1.11 million shares of the DGLY stock.
Still, SEC filings show that on Dec 07, Ross Stanton E (Chairman, CEO & President) disposed off 119,210 shares at an average price of $2.41 for $0.29 million. The insider now directly holds 1,146,690 shares of Digital Ally Inc. (DGLY).
Digital Ally Inc. (DGLY): Who are the competitors?
The company’s main competitors (and peers) include Sturm Ruger & Company Inc. (RGR) that is trading 46.31% up over the past 12 months. Short interest in the company’s stock has fallen -27.75% from the last report on Nov 12, 2020 to stand at a total of 4.42 million short shares sold with a short interest ratio of 1.41.