Digital Ally Inc. (DGLY) Stock Price Up 7.4%
Digital Ally Inc. (NASDAQ:DGLY) rose 7.4% on Thursday . The stock traded as high as $4.49 and last traded at $4.04, with a volume of 204,793 shares traded. The stock had previously closed at $3.76.
DGLY has been the topic of several analyst reports. Zacks Investment Research lowered shares of Digital Ally from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Roth Capital reiterated a “neutral” rating and issued a $6.00 target price on shares of Digital Ally in a report on Monday, May 9th.
The company’s market cap is $35.11 million. The company has a 50 day moving average price of $3.82 and a 200 day moving average price of $4.95.
Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.11. The company had revenue of $4.41 million for the quarter, compared to analyst estimates of $5.40 million. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Digital Ally Inc. will post ($0.87) EPS for the current year.
Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.
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