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Digital Ally Inc. (DGLY): Worthy Of A Pin, Yet It Could Be Better

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Aegis Capital raised the price target for the Digital Ally Inc. (NASDAQ:DGLY) stock to “a Buy”. The rating was released on June 29, 2020. We previously noted in another research note published on November 15, 2017 by Maxim Group that reiterated the stock to a Buy with a price target of $4 for DGLY stock. The research report from Maxim Group has initiated the stock to Buy, with a price target set at $15. The stock was downgraded by ROTH Capital, who disclosed in a research note on November 13, 2015, from Buy to Neutral and set the price objective to $7. In their research brief published August 10, 2015, ROTH Capital analysts reiterated the Digital Ally Inc. stock to Buy with a price target of $16.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.49 during the last quarter as opposed to a consensus estimate of -$0.06, which indicates the company beat its estimate by $0.55, which implies that the company surprised the market by 916.70%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is -$0.04. This is an average of 1 analysts’ earnings, where the high earnings per share estimate is -$0.04 and the low earnings per share estimate is -$0.04. According to 1 analyst estimates, an average revenue estimate of $2.7M is projected for the current quarter with a high revenue estimate of $2.7M and a low estimate of $2.7M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Digital Ally Inc. (NASDAQ:DGLY) dipped -1.21% to close Tuesday’s market session at $1.63, lower as compared to yesterday’s close. The stock price fluctuated between $1.62 and $1.79 throughout the trading session with the volume trading being 4794476 shares, which represented a significant variation when compared to the three months average volume of 4.78 million shares. The firm’s stock price fluctuated -4.12% within the last five trades and -9.94% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -28.82% in the last 6 months and -24.19% was subtracted to its value over the previous 3 months. DGLY stock is trading at a margin of -6.00%, -7.78% and -27.23% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, DGLY deals in the Industrials domain. The stock is trading -77.04 percent below its 52-week high and 108.97 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -35.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Digital Ally Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -59.50 percent and the profit margin is -25.00 percent, and the company has reported a gross margin of 38.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $84.96 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 8.09 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.02, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 4.80 percent of Digital Ally Inc. shares are owned by insiders, and 7.10 percent are held by financial institutions. Hutchins Daniel F, the Director at Digital Ally Inc. (DGLY) has sold 2,936 shares of firm on Jan 06 at a price of $3.00 against the total amount of $8808.0. In another inside trade, Hutchins Daniel F, Director of Digital Ally Inc. (NASDAQ:DGLY) sold 1,250 shares of the firm on Dec 10 for a total worth of $3215.0 at a price of $2.57. An inside trade which took place on Dec 08, Chairman, CEO & President of Digital Ally Inc. Ross Stanton E sold 35,790 shares of firm against total price of $86236.0 at the cost of $2.41 per share.

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