Why Digital Ally Inc (DGLY) Stock Could See Much Higher Prices Ahead

Digital Ally Inc (NASDAQ: DGLY) is -95.03% lower on its value in year-to-date trading and has touched a low of $0.02 and a high of $3.29 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 $0.03 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.03, the stock is -19.93% and -60.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 113.0 million and changing 3.98% at the moment leaves the stock -96.62% off its SMA200. DGLY registered -98.81% loss for a year compared to 6-month loss of -97.53%. The firm has a 50-day simple moving average (SMA 50) of $0.067 and a 200-day simple moving average (SMA200) of $0.7731.

The stock witnessed a -63.39% gain in the last 1 month and extending the period to 3 months gives it a -93.95%, and is -5.09% 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 17.18% over the week and 33.87% over the month.

Profit margin for the company is -94.49%. Distance from 52-week low is 30.50% and -99.21% from its 52-week high.

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Digital Ally Inc (DGLY) Top Institutional Holders

19.0 institutions hold shares in Digital Ally Inc (DGLY), with institutional investors hold 47.41% of the company’s shares. The shares outstanding are 79.25M, and float is at 78.96M with Short Float at 30.74%. Institutions hold 41.96% of the Float.

The top institutional shareholder in the company is ANSON FUNDS MANAGEMENT LP with over 0.46 million shares valued at $0.93 million. The investor’s holdings represent 16.0074% of the DGLY Shares outstanding.

Digital Ally Inc (DGLY) Insider Activity

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