Digital Ally Inc. (DGLY) is expecting -16.55% growth in the next quarter: What can investors do to maximize their returns?

Digital Ally Inc. (NASDAQ: DGLY) on January 24, 2023, started off the session at the price of $0.30, soaring 13.72% from the previous trading day. During the day, the shares moved up to $0.3425 and dropped to $0.29 before settling in for the closing price of $0.29. Within the past 52 weeks, DGLY’s price has moved between $0.21 and $1.22.

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Industrials Sector giant saw their annual sales surged by 5.30% over the last five years. The company achieved an average annual earnings per share of 517.30%. With a float of $50.29 million, this company’s outstanding shares have now reached $50.37 million.

The firm has a total of 146 workers. Let’s measure their productivity. In terms of profitability, gross margin is +26.45, operating margin of -68.93, and the pretax margin is +119.23.

Digital Ally Inc. (DGLY) Insider Activity

Observing investor behavior towards Security & Protection Services industry stocks is more important than anything else. The insider ownership of Digital Ally Inc. is 7.52%, while institutional ownership is 13.90%.

Digital Ally Inc. (DGLY) Earnings and Forecasts

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.02 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.12) by $0.1. This company achieved a net margin of +118.97 while generating a return on equity of 72.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 517.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 17.20% growth over the previous five years of trading.

Digital Ally Inc. (NASDAQ: DGLY) Trading Performance Indicators

Digital Ally Inc. (DGLY) is currently performing well based on its current performance indicators. A quick ratio of 1.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.41 in one year’s time.

Technical Analysis of Digital Ally Inc. (DGLY)

Analysing the last 5-days average volume posted by the [Digital Ally Inc., DGLY], we can find that recorded value of 0.42 million was better than the volume posted last year of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 80.38%. Additionally, its Average True Range was 0.03.

During the past 100 days, Digital Ally Inc.’s (DGLY) raw stochastic average was set at 29.17%, which indicates a significant decrease from 90.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.24% in the past 14 days, which was higher than the 75.98% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.2943, while its 200-day Moving Average is $0.6324. Now, the first resistance to watch is $0.3515. This is followed by the second major resistance level at $0.3733. The third major resistance level sits at $0.4040. If the price goes on to break the first support level at $0.2990, it is likely to go to the next support level at $0.2683. Should the price break the second support level, the third support level stands at $0.2465.

Digital Ally Inc. (NASDAQ: DGLY) Key Stats

Market capitalization of the company is 18.19 million based on 53,903K outstanding shares. Right now, sales total 21,410 K and income totals 25,470 K. The company made 8,480 K in profit during its latest quarter, and -1,900 K in sales during its previous quarter.


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