Digital Ally Inc. (DGLY) Sees Strong Trading Volume
Digital Ally Inc. (NASDAQ:DGLY) saw unusually-strong trading volume on Thursday . Approximately 1,017,305 shares were traded during trading, an increase of 341% from the previous session’s volume of 230,848 shares.The stock last traded at $6.40 and had previously closed at $5.56.
A number of equities analysts have commented on DGLY shares. Maxim Group started coverage on shares of Digital Ally in a research report on Thursday. They set a “buy” rating and a $15.00 price objective for the company. Roth Capital restated a “neutral” rating and set a $6.00 price objective on shares of Digital Ally in a research report on Monday, May 9th. Finally, Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $4.84. The company’s market capitalization is $32.97 million.
Digital Ally (NASDAQ:DGLY) last released its quarterly 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 firm 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 forecast that Digital Ally Inc. will post ($1.34) earnings per share 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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