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Selling Your Digital Ally Inc. (NASDAQ: DGLY) Stock? Here’s What You Need To Know

Digital Ally Inc. (NASDAQ:DGLY) shares, rose in value on Friday, 05/13/22, with the stock price up by 8.42% to the previous day’s close as strong demand from buyers drove the stock to $1.03.

Actively observing the price movement in the last trading, the stock closed the session at $0.95, falling within a range of $0.9604 and $1.03. The value of beta (5-year monthly) was 0.67 whereas the PE ratio was 1.85 over 12-month period. Referring to stock’s 52-week performance, its high was $2.24, and the low was $0.88. On the whole, DGLY has fluctuated by -7.21% over the past month.

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With the market capitalization of Digital Ally Inc. currently standing at about $53.34 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 29, 2022 – Apr 04, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.04, which is expected to increase to $0 for fiscal year $0.23 and then to about -$0.13 by fiscal year 2022. Data indicates that the EPS growth is expected to be 291.70% in 2022, while the next year’s EPS growth is forecast to be -156.50%.

Analysts have estimated the company’s revenue for the quarter at $6.91 million, with a low estimate of $6.91 million and a high estimate of $6.91 million. According to the average forecast, sales growth in current quarter could jump up 149.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $14.81 million, representing an increase of 40.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DGLY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.09, with the price of DGLY currently trading nearly -6.10% and -4.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.89, while the 7-day volatility ratio is showing 7.83% which for the 30-day chart, stands at 5.62%. Furthermore, Digital Ally Inc. (DGLY)’s beta value is 0.59, and its average true range (ATR) is 0.06.

A comparison of Digital Ally Inc. (DGLY) with its peers suggests the former has fared considerably weaker in the market. DGLY showed an intraday change of 8.42% in last session, and over the past year, it shrunk by -38.32%%. In comparison, Sturm Ruger & Company Inc. (RGR) has moved lower at -0.17% on the day and was down -12.96% over the past 12 months. On the other hand, the price of National Presto Industries Inc. (NPK) has fallen 0.00% on the day. The stock, however, is off -32.22% from where it was a year ago. Additionally, there is a gain of 12.84% for Axon Enterprise Inc. (AXON) in last trading while the stock has seen an overall depriciation of -26.02%% over the past year. The PE ratio stands at 1.85 for Digital Ally Inc., compared to 7.47 for Sturm Ruger & Company Inc., and 19.27 for National Presto Industries Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Digital Ally Inc. (NASDAQ:DGLY) indicates that the trading volumes over the past 3 months, they’ve averaged 383.31K. According to company’s latest data on outstanding shares, there are 52.67 million shares outstanding.

Nearly 6.30% of Digital Ally Inc.’s shares belong to company insiders and institutional investors own 10.60% of the company’s shares. The stock has fallen by -3.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DGLY stock heading into the next quarter.

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