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 24.19M with Short Float at 21.28%. Institutions hold 12.56% of the Float.
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.
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 2.46% 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 1.37% of the shares outstanding. The other top investors are Group One Trading, L.P. which holds 0.4 million shares representing 1.08% and valued at over $0.94 million, while Susquehanna International Group, LLP holds 0.73% of the shares totaling 0.27 million with a market value of $0.59 million.
Digital Ally Inc. (NASDAQ: DGLY) is -4.27% lower 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 question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DGLY stock was last observed hovering at around $2.39 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $5.00 for the next 12 months. It is also 55.2% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 55.2% higher than the price target low of $5.00 for the same period.
Currently trading at $2.24, the stock is -14.24% and -16.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.25 million and changing -6.28% at the moment leaves the stock -11.97% off its SMA200. DGLY registered 60.00% gain for a year compared to 6-month gain of 7.69%. The firm has a 50-day simple moving average (SMA 50) of $2.7212 and a 200-day simple moving average (SMA200) of $2.4456.
The stock witnessed a -13.51% loss in the last 1 month and extending the period to 3 months gives it a -7.05%, and is -12.84% 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 5.49% over the week and 7.34% over the month.
Digital Ally Inc. (DGLY) has around 119 employees, a market worth around $90.81M and $10.20M in sales. Profit margin for the company is -56.40%. Distance from 52-week low is 249.97% and -68.45% 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 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) Insider Activity
A total of 7 insider transactions have happened at Digital Ally Inc. (DGLY) in the last six months, with sales accounting for 5 and purchases happening 2 times. The most recent transaction is an insider sale by Hutchins Daniel F, the company’s Director. SEC filings show that Hutchins Daniel F sold 2,936 shares of the company’s common stock on Jan 06 at a price of $3.00 per share for a total of $8808.0. Following the sale, the insider now owns 29750.0 shares.
Digital Ally Inc. disclosed in a document filed with the SEC on Dec 10 that Hutchins Daniel F (Director) sold a total of 1,250 shares of the company’s common stock. The trade occurred on Dec 10 and was made at $2.57 per share for $3215.0. Following the transaction, the insider now directly holds 32686.0 shares of the DGLY stock.
Still, SEC filings show that on Dec 08, Ross Stanton E (Chairman, CEO & President) disposed off 35,790 shares at an average price of $2.41 for $86236.0. The insider now directly holds 1,110,900 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 40.22% up over the past 12 months. Short interest in the company’s stock has risen 43.5% from the last report on Dec 30, 2020 to stand at a total of 2.91 million short shares sold with a short interest ratio of 0.38.