Digital Ally Inc. (DGLY) Stock Price Up 4.7%
Shares of Digital Ally Inc. (NASDAQ:DGLY) rose 4.7% during trading on Monday . The company traded as high as $6.50 and last traded at $6.42, with a volume of 108,482 shares traded. The stock had previously closed at $6.13.
DGLY has been the topic of a number of research reports. Zacks Investment Research raised shares of Digital Ally from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Roth Capital reissued a “neutral” rating and issued a $6.00 price objective on shares of Digital Ally in a research report on Monday, May 9th. Finally, Maxim Group initiated coverage on shares of Digital Ally in a research report on Thursday. They issued a “buy” rating and a $15.00 price objective on the stock.
The stock’s market cap is $34.31 million. The firm has a 50-day moving average price of $5.49 and a 200 day moving average price of $4.84.
Digital Ally (NASDAQ:DGLY) last released its earnings results on Friday, August 5th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.34. The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $5.85 million. Digital Ally’s quarterly revenue was down 21.4% on a year-over-year basis. Analysts anticipate that Digital Ally Inc. will post ($1.34) 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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