Digital Ally Inc (DGLY): Why Is The Stock Strong?

Digital Ally Inc (NASDAQ:DGLY) has a beta value of 0.90 and has seen 3.64 million shares traded in the last trading session. The company, currently valued at $2.94M, closed the last trade at $0.45 per share which meant it lost -$0.15 on the day or -25.34% during that session. The DGLY stock price is -631.11% off its 52-week high price of $3.29 and -6.67% below the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.41 million shares traded. The 3-month trading volume is 247.29K shares.

Digital Ally Inc (NASDAQ:DGLY) trade information

Sporting -25.34% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DGLY stock price touched $0.45 or saw a rise of 31.82%. Year-to-date, Digital Ally Inc shares have moved -14.33%, while the 5-day performance has seen it change -14.77%. Over the past 30 days, the shares of Digital Ally Inc (NASDAQ:DGLY) have changed -36.97%. Short interest in the company has seen 0.27 million shares shorted with days to cover at 0.76.

Digital Ally Inc (DGLY) estimates and forecasts

The company’s shares have lost -79.59% over the past 6 months.

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 24.86% over the past 5 years.

DGLY Dividends

Digital Ally Inc is expected to release its next earnings report in February 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 5.90% of the company shares, while shares held by institutions stand at 3.01% with a share float percentage of 3.20%. Investors are also buoyed by the number of investors in a company, with Digital Ally Inc having a total of 15.0 institutions that hold shares in the company. The top two institutional holders are ANSON FUNDS MANAGEMENT LP with over 0.46 million shares worth more than $0.93 million. As of 2024-06-30, ANSON FUNDS MANAGEMENT LP held 16.0074% of shares outstanding.