Digital Ally Inc. (DGLY) Shares Up 4.7%
Digital Ally Inc. (NASDAQ:DGLY) shot up 4.7% on Monday . The stock traded as high as $6.50 and last traded at $6.42, with a volume of 108,482 shares. The stock had previously closed at $6.13.
Several research firms have recently weighed in on DGLY. Zacks Investment Research cut shares of Digital Ally from a “hold” rating to a “sell” rating in a research report on Monday, May 16th. Roth Capital upgraded shares of Digital Ally to a “hold” rating in a report on Thursday, May 12th. Finally, Maxim Group assumed coverage on shares of Digital Ally in a report on Thursday, August 18th. They issued a “buy” rating and a $15.00 price target for the company.
The stock’s 50-day moving average price is $5.58 and its 200 day moving average price is $4.83. The firm’s market capitalization is $33.88 million.
Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings data on Friday, August 5th. The company reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.34. The firm had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $5.85 million. The company’s revenue was down 21.4% on a year-over-year basis. On average, equities analysts anticipate that Digital Ally Inc. will post ($1.34) 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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