Digital Ally Inc. (DGLY) Shares Gap Up to $4.13
Digital Ally Inc. (NASDAQ:DGLY) shares gapped up prior to trading on Friday . The stock had previously closed at $3.71, but opened at $4.13. Digital Ally shares last traded at $6.62, with a volume of 9,093,658 shares trading hands.
A number of research analysts have recently issued reports on DGLY shares. Roth Capital reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Digital Ally in a research note on Monday, May 9th. Zacks Investment Research cut Digital Ally from a “hold” rating to a “sell” rating in a research note on Monday, May 16th.
The company’s market cap is $35.11 million. The stock’s 50-day moving average price is $3.82 and its 200 day moving average price is $4.95.
Digital Ally (NASDAQ:DGLY) last released its earnings results on Tuesday, May 10th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.11. The company had revenue of $4.41 million for the quarter, compared to the consensus estimate of $5.40 million. The business’s revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that Digital Ally Inc. will post ($0.76) EPS for the current fiscal 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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