Westpark Capital Analysts Give Digital Ally, Inc. (DGLY) a $8.00 Price Target
Digital Ally, Inc. (NASDAQ:DGLY) received a $8.00 price target from equities researchers at Westpark Capital in a research note issued on Wednesday. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. Westpark Capital’s price target indicates a potential upside of 166.67% from the company’s previous close.
Several other research firms also recently weighed in on DGLY. ValuEngine raised Digital Ally from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Maxim Group set a $9.00 price objective on Digital Ally and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th.
Shares of Digital Ally (NASDAQ DGLY) traded up 10.0833% during trading on Wednesday, reaching $3.3025. The company’s stock had a trading volume of 86,263 shares. The firm’s 50-day moving average is $3.45 and its 200 day moving average is $4.01. The company’s market cap is $18.75 million. Digital Ally has a 52-week low of $2.75 and a 52-week high of $6.99.
Digital Ally (NASDAQ:DGLY) last released its quarterly earnings data on Monday, August 14th. The scientific and technical instruments company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. Digital Ally had a negative net margin of 72.07% and a negative return on equity of 129.27%. The firm had revenue of $3.50 million for the quarter, compared to analyst estimates of $4.95 million. During the same period last year, the business earned ($0.54) EPS. The company’s revenue was down 20.5% compared to the same quarter last year. On average, equities research analysts predict that Digital Ally will post ($0.79) EPS for the current fiscal year.
An institutional investor recently raised its position in Digital Ally stock. Wells Fargo & Company MN raised its stake in Digital Ally, Inc. (NASDAQ:DGLY) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,617 shares of the scientific and technical instruments company’s stock after buying an additional 1,283 shares during the period. Wells Fargo & Company MN owned 0.64% of Digital Ally worth $157,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.57% of the company’s stock.
Digital Ally Company Profile
Digital Ally, Inc 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 customers 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.
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