Digital Ally, Inc. (NASDAQ:DGLY) traded at $2.29 at last check on Friday, Nov 20, making a downturn move of -2.14% on its previous day’s price.
Looking at the stock we see that its previous close was $2.34 and the beta (5Y monthly) reads 0.61 with the day’s price range being $2.2700 – 2.3800. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, DGLY has a high of $7.1 and a low of $0.64. The company’s stock has gained about 10.1% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3Million, with a low of $3Million and a high of $3Million. The median projection represents growth adding up to 24% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $10.75 Million, or +3% up from figures reported last year.
On the other hand, looking at the outlook for the DGLY stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 25% Sell. Long term indicators on average place the stock in the category of Hold.
Let’s briefly compare Digital (DGLY) stock to its peers. We find that today’s price change of -2.14% and +94.07% over the past 12 months for DGLY competes that of Johnson Controls Intl (JCI), which has seen its stock price fall -0.92% in the latest trading session and is +7.25% over the last one year. Another of its peers Fortune Brands Home & Security (FBHS) has dropped -0.76% today, and is +35.01% up over the past year, while Nortonlifelock Inc (NLOK) is also down -2.14% yet its price remains in the green at 94.07% over the same period. Johnson has a P/E ratio of 53.92 compared to Digital’s 0 and Fortune’s 24.04. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Digital Ally, Inc. (NASDAQ:DGLY), we note that the average 3-month trading volume was 3.87 Million, while that of the preceding 10-day period stands at 1.63 Million. Current shares outstanding are 26.77 Million.
According to data from Thomson Reuters, insiders hold 14.32% of the company’s shares while institutions hold 12.14%. The data shows that short shares as of October 29, 2020, stood at 3.67 Million at a short ratio of 1.29. This represents a 13.79% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 3.79 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +124.51% up in year-to-date price movement.