How have the shares performed?
Digital Ally Inc. (DGLY) saw downtrend of -8.25% in the recent trading with $1.78 being its most recent. The current price level -67.87% lower than the highest price of $5.54 marked by the stock while trading over the past 52-weeks, whereas it is 17.88% higher than the lowest price of $1.51 the company dropped to over past 52-weeks. The latest news story on DGLY appeared in GlobeNewswire under the title “Digital Ally Forms New Business Unit to Pursue Healthcare Market Opportunities” on Jun-07-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -20.48% below one month high and is +9.89% above of the lowest during that time. Looking into the simple moving average, Digital Ally Inc. (DGLY)’s stock stands at a SMA-50 of $1.7786 while that of 5-day is reading $1.9320.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and DGLY’s SMA-200 as of now is $2.1972.
Digital Ally Inc. Earnings – What Happened With DGLY
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Digital Ally Inc. (DGLY) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 916.70% for net revenue. During the reported three-month period, company’s sales were $2.54 billion while analysts on average were estimating the same to be $2.7 million.
DGLY – Digital Ally Inc. Stock Earnings Estimates
The perspective of Digital Ally Inc. (NASDAQ:DGLY)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.06 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.49.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 51.51 million. DGLY does have institutional investors; and they hold 7.10% of the stock.
Digital Ally Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, DGLY declared 2,936 shares have been sold in 1 insider transactions over the past three months.
As on Dec 30, 2020, Vanguard Group, Inc. (The) was the top most holder in Digital Ally Inc. (NASDAQ:DGLY) with an ownership of 1.14 million shares of the company or 2.20% of the stake worth $2.66 million. The filing also reveals Group One Trading, L.P. as the second largest holder in the company with a control over 0.78% of the outstanding shares. Its stake is worth $0.94 million for having 0.4 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 0.50% of the outstanding shares. With this there are now 32 institutions which have possession in DGLY’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Digital Ally Inc. was 4.79 while posting a debt to equity ratio of 0.00. The count was 6.07 for long-term debt to equity ratio.
Digital Ally Inc.’s return on equity, or ROE, is 91.30%, compared to the industry average of 5.06% for Industrials – Security & Protection Services. Although this indicates that DGLY uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Digital Ally Inc. (NASDAQ:DGLY) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Digital Ally Inc. (DGLY), we notice that the stock’s 20-day average volume is at 3,635,480 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 4,668,582 shares. And to end, DGLY’s 100-day average volume is 5,544,651 shares with 100% of the long-term indicators pointing towards Sell for the stock.