Price Action Alert: Could Digital Ally, Inc. Gain Strenght? The Stock Reaches 52 Week Low

Price Action Alert: Could Digital Ally, Inc. Gain Strenght? The Stock Reaches 52 Week Low

The stock of Digital Ally, Inc. (NASDAQ:DGLY) is a huge mover today! The stock decreased 6.48% or $0.35 on November 4, hitting $5.05. About 91,117 shares traded hands or 39.68% up from the average. Digital Ally, Inc. (NASDAQ:DGLY) has risen 22.20% since April 4, 2016 and is uptrending. It has outperformed by 21.11% the S&P500.
The move comes after 6 months negative chart setup for the $26.68 million company. It was reported on Nov, 4 by Barchart.com. We have $4.55 PT which if reached, will make NASDAQ:DGLY worth $2.67M less.

Analysts await Digital Ally, Inc. (NASDAQ:DGLY) to report earnings on November, 9. They expect $-0.14 earnings per share, up 66.67% or $0.28 from last year’s $-0.42 per share. After $-0.54 actual earnings per share reported by Digital Ally, Inc. for the previous quarter, Wall Street now forecasts -74.07% EPS growth.

Digital Ally, Inc. (NASDAQ:DGLY) Ratings Coverage

Out of 3 analysts covering Digital Ally (NASDAQ:DGLY), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Digital Ally has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was initiated by Maxim Group with “Buy” on Thursday, August 18. The rating was downgraded by TH Capital to “Neutral” on Friday, November 13. The stock of Digital Ally, Inc. (NASDAQ:DGLY) has “Hold” rating given on Tuesday, August 25 by Zacks. The rating was maintained by TH Capital with “Buy” on Monday, August 10. The company was downgraded on Friday, November 13 by Roth Capital. The rating was maintained by Roth Capital with “Buy” on Monday, August 10. Zacks downgraded the shares of DGLY in a report on Wednesday, August 19 to “Hold” rating.

According to Zacks Investment Research, “Digital Ally was created to supply technology based products to the law enforcement and security industry. While their main concentration is in the development and application of new concepts, they also recognize the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows to compete in established markets as they simultaneously promote the industry’s transition towards advanced technologies.”

Insitutional Activity: The institutional sentiment decreased to 0.44 in 2016 Q2. Its down 0.56, from 1 in 2016Q1. The ratio is negative, as 4 funds sold all Digital Ally, Inc. shares owned while 5 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 252,047 shares or 9.10% less from 277,265 shares in 2016Q1.
Blackrock Institutional Tru Na reported 49,500 shares or 0% of all its holdings. Wells Fargo Co Mn holds 0% of its portfolio in Digital Ally, Inc. (NASDAQ:DGLY) for 33,754 shares. Geode Cap Management Llc accumulated 18,324 shares or 0% of the stock. Moreover, Wfg Lp has 0% invested in Digital Ally, Inc. (NASDAQ:DGLY) for 4,500 shares. Blackrock Fund Advisors has 0% invested in the company for 832 shares. Moreover, Valley National Advisers has 0% invested in Digital Ally, Inc. (NASDAQ:DGLY) for 42 shares. The New Jersey-based Financial Architects has invested 0% in Digital Ally, Inc. (NASDAQ:DGLY). Ladenburg Thalmann Finance Ser has 350 shares for 0% of their US portfolio. Moreover, Deutsche State Bank Ag has 0% invested in Digital Ally, Inc. (NASDAQ:DGLY) for 76 shares. Sei Invests holds 0% or 62 shares in its portfolio. Commercial Bank Of America De holds 0% of its portfolio in Digital Ally, Inc. (NASDAQ:DGLY) for 554 shares. Moreover, Morgan Stanley has 0% invested in Digital Ally, Inc. (NASDAQ:DGLY) for 2,899 shares. Creative Planning holds 0% or 1,007 shares in its portfolio. Sii Investments Incorporated Wi holds 0% of its portfolio in Digital Ally, Inc. (NASDAQ:DGLY) for 10,000 shares. Vanguard Grp Inc reported 129,722 shares or 0% of all its holdings.

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 1 sale for $31,549 net activity. Kaplan Elliot M sold 5,000 shares worth $31,549.

More recent Digital Ally, Inc. (NASDAQ:DGLY) news were published by: Marketwired.com which released: “Digital Ally, Inc to Discuss Third Quarter 2016 Operating Results on Thursday …” on November 04, 2016. Also Benzinga.com published the news titled: “Digital Ally And 3 Law Enforcement Stocks You May Have Never Heard Of Are Surging” on July 08, 2016. Benzinga.com‘s news article titled: “Digital Ally Surrenders Some Early Gains” with publication date: October 14, 2016 was also an interesting one.

DGLY Company Profile

Digital Ally, Inc., incorporated on December 13, 2000, produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement clients with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies. The Firm sells its products to law enforcement agencies and other security organizations, consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally.

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