On Jan. 06, Hutchins Daniel F divested U.S. $8,808 in shares of Digital Ally Inc.. The Dir sold 2,936 shares at a price per share of $3.00. The transaction decreased this specific insider’s holdings to 29,750 shares worth around $82110.0 at present.
Aegis Capital launched its Digital Ally Inc. [DGLY] rating to the equivalent of a Buy, in a research note dated June 29, 2020. Some new analysts also started their coverage, with Aegis Capital’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late June. Meanwhile, Maxim Group had maintained its rating on DGLY to the earlier “Buy” rating, in a research note produced for clients November 15, 2017. In addition, there was a new coverage from Maxim Group on August 18, 2016. The research firm rated DGLY “a Buy”.
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Is Digital Ally Inc. [NASDAQ:DGLY] a Good Buy Right Now?
It should be noted that DGLY technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 32% Buy in the last week and compares with 8% Buy in the past month. Data from Digital Ally Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 6.55 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 6.23 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 4.2 million shares.
DGLY Price Performance
On Wall Street, Digital Ally Inc. [NASDAQ:DGLY] finished Thursday’s session down -23.97% at $2.76. The stock went up to $3.0259 at the same session while its lowest single day price was $2.62. In the last five days, it saw a rise of about 16.46%, Digital Ally Inc. shares gained by almost 17.95% since the beginning of the year. However, the share price has dropped to as low as -61.13% below its one year high. On 01/06/21, the company shares recorded $3.98, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $2.30. The company’s shares have inclined by 167.96% in the past year. The 50-day SMA achieved is $2.55 while the 200-day SMA is $2.28. Volume dropped to 17.97 million from 65.48 million in the previous session.
DGLY Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 2.58 level, and in case of violation of this particular level, it will cause more drop to 2.40 level. On the upper level, 3.21 is still the key resistance. The stock may increase to the subsequent resistance at 2.98. The Relative Strength Index (RSI) pinned on the 14-day chart is 52.60, implying a neutral technical stance while the MACD stands at 0.37, meaning price will decrease in the next trading period. Percent R indicator moved to 68.93%, implying low price movement. Stochastic %K at 65.14% suggest holding the stock.
What is the short interest in Digital Ally Inc.?
Short interest in the Digital Ally Inc. stock has surged, increasing by 0.96 million shares to total 3.46 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.42 million, data from Yahoo Finance shows. The decrease of -27.75% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 14.20% of the overall float for the stock.
Digital Ally Inc.’s Biggest Shareholders: Who Owns Digital Ally Inc. [DGLY]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 904,039 shares or roughly 3.38% of the outstanding DGLY shares. This means their shares have reduced by 0 from the 904,039 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Morgan Stanley & Co. LLC updated stake is worth $1,236,965. The BlackRock Fund Advisors’s holdings currently number 259,914 shares at $717362.64. According to the firm’s last 13F report, Citadel Advisors LLC shares in the company at filing stood at 191,940 shares, roughly $485,608.
DGLY Earnings Estimates For The Current Year
For the financial year, Digital Ally Inc. [NASDAQ:DGLY] is expected to bring in revenue of $10.75M. The returns are nearly $0.31 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.21. Estimates put next year’s earnings growth at -47.60% for the next, and at an annual 20.00% over the next 5-year period. As for sales, forecasts are for an increase of 3.00% in the current fiscal year and a further 14.40% over the following year.
What are analyst thoughts on Digital Ally Inc.?
Looking forward to the Digital Ally Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Digital Ally Inc. stock at $5.00 within the next 12 months, which represents almost 44.8 per cent growth from its previous closing price of $2.76. The highest analysts’ target for Digital Ally Inc. stock projections is $5.00 and the lowest one is $5.00. Still, 1 analysts sharing their consensus rating for DGLY stock in 2021 agree that it is a Buy.