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Digital Ally Inc. (DGLY) Has A Promising Outlook For 2022

Digital Ally Inc. (NASDAQ:DGLY) has a beta value of 0.64 and has seen 3.05 million shares traded in the last trading session. The company, currently valued at $24.76M, closed the last trade at $0.60 per share which meant it gained $0.01 on the day or 1.37% during that session. The DGLY stock price is -166.67% off its 52-week high price of $1.60 and 15.0% above the 52-week low of $0.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 380.82K shares.

The consensus among analysts is that Digital Ally Inc. (DGLY) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.

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Digital Ally Inc. (NASDAQ:DGLY) trade information

Sporting 1.37% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/20/22 when the DGLY stock price touched $0.60 or saw a rise of 5.08%. Year-to-date, Digital Ally Inc. shares have moved -44.17%, while the 5-day performance has seen it change 6.68%. Over the past 30 days, the shares of Digital Ally Inc. (NASDAQ:DGLY) have changed -22.44%. Short interest in the company has seen 5.51 million shares shorted with days to cover at 10.09.

Wall Street analysts have a consensus price target for the stock at $2.50, which means that the shares’ value could jump 76.0% from current levels. The projected low price target is $2.50 while the price target rests at a high of $2.50. In that case, then, we find that the current price level is -316.67% off the targeted high while a plunge would see the stock gain -316.67% from current levels.

Digital Ally Inc. (DGLY) estimates and forecasts

The company’s shares have lost -44.17% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 145.40%.

1 analysts offering their estimates for the company have set an average revenue estimate of $11.62 million for the current quarter. 1 have an estimated revenue figure of $13.74 million for the next quarter concluding in Sep 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.20% over the past 5 years. Earnings growth for 2022 is a modest 517.30% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

DGLY Dividends

Digital Ally Inc. is expected to release its next earnings report between March 29 and April 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Digital Ally Inc. (NASDAQ:DGLY)’s Major holders

Insiders own 7.47% of the company shares, while shares held by institutions stand at 9.03% with a share float percentage of 9.76%. Investors are also buoyed by the number of investors in a company, with Digital Ally Inc. having a total of 35 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 1.73 million shares worth more than $1.89 million. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 3.58% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 0.93 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $1.01 million and represent 1.92% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Mar 30, 2022, the former fund manager holds about 2.18% shares in the company for having 1.06 million shares of worth $1.15 million while later fund manager owns 0.65 million shares of worth $0.7 million as of Mar 30, 2022, which makes it owner of about 1.33% of company’s outstanding stock.

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