The trading price of Digital Ally Inc (NASDAQ:DGLY) closed lower on Tuesday, March 04, and closing at $0.06, -13.36% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.29 and a 52-week low of $0.07. Over the past month, the stock has lost -71.07% in value.
Digital Ally Inc, whose market valuation is $4.98 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest DGLY has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that DGLY’s price is currently -46.85% off the SMA20 and -79.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 23.93, and weekly volatility stands at 10.58%. When measured over the past 30 days, the indicator reaches 19.07%. Digital Ally Inc (NASDAQ:DGLY)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.03.
To see how Digital Ally Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DGLY stock’s performance was -13.36% in the latest trading, and -97.20% in the past year, while Sturm Ruger & Co. (RGR) has traded -0.60%% on the day and positioned -6.63% lower than it was a year ago. Another comparable company National Presto Industries Inc. (NPK) saw its stock close -3.41%% lower in the most recent trading session but was up 27.16% in a year.
An evaluation of the daily trading volume of Digital Ally Inc (NASDAQ:DGLY) indicates that the 3-month average is 16.73 million.
Currently, records show that 79.25 million of the company’s shares remain outstanding. The insiders hold 0.32% of outstanding shares, whereas institutions hold 11.44%. However, since the stock’s price has seen -88.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
