If you’re on the hunt for stocks to watch today, Digital Ally, Inc. (NASDAQ:DGLY) is a stock to give close attention to. The company shares are trading 17.25% or 0.79 points down from last closing price of $4.58, reaching $3.79 at last check. The DGLY share price has dropped in 4 of the last 5 days and is up 35.91% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 172,010 shares, and in total 345010 shares valued at $1.308 million were seen changing hands compared with 173000 shares valued at $792340 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the DGLY stock.
Digital Ally, Inc. (DGLY) shares have notched a 3-month gain of about 35.91%, but has still advanced 70.9% year to date. By comparison, the stock added 83.2% over the past 12 months, while it jumped 5.59% over the 1 month. The company’s market cap is around $52.35M, with its short interest ratio standing at 7.81%.
In the current trading session for DGLY, the stock witnessed two major price actions, it rose to a high of $4.49 and was down as much as $3.49 at one point. The high recorded is very low when compared to their 52-week high which is $2.1. The 52-week high is now at -27.81 distance from current price. Their recent low of $5.33 represents a 83.21% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for DGLY is $5.6, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Digital Ally, Inc. earned $-1.9 per share in the trailing 12 months and has a P/E ratio of -1.99. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 18.62 and lower compared to the sector’s average of 10.75. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. DGLY also has P/S multiple of 3.83. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.73x.
The company recorded an interesting insider sale transaction by the Director on Dec 02, 2016. A Securities and Exchanges Commission filings show that Leroy C Richie sold a total of 10,000 DGLY shares that day for a sum of around $48,500. The filings show that the insider now retains 47,318 shares, currently worth $179,335. Digital Ally, Inc. (DGLY) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 700,000 shares that were traded over a year. In the past 12 months, insiders have purchased 700,000 shares while the seller parted with shares.
DGLY‘s last price was up 17.89% as compared to the average trading price of 50 days recorded at $3.21 while enlarging the period to 200 trading days, the average closing price was $4.13. At present, there are 11.43 million in the total number of common shares owned by the public and among those 9.07 million shares have been available to trade. The percentage of shares being held by the company management was 16.5% while institutions stake was 5.1%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 35.1% over the past 12 months.
When assessing the full upside of the DGLY stock, there is another set of technicals that should be looked into and considered. Its -13.8% decline from moving average of $4.4 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 2.73 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Digital Ally, Inc. — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $5 on shares of Digital Ally, Inc. (NASDAQ:DGLY), which corresponds to 31.93% upside potential than its current market price of $3.79 and implies potential despite the recent drop in the price. However, their current target price has fallen from $5 a month ago and is up handily from the consensus target of $4.5 a quarter ago.
In the last five years, the EPS of the company has been roughly -10.5%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has retreated at an average annualized rate of about -8.7 over the last five years. The company recently recorded a drop of -17.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards DGLY stock. Northern Trust Corp added position in the company after it grew 34.6% or 19,574 shares of its common stock. The hedge fund now owns 26,346 shares worth $99,851, SEC documents show. Sanders Morris Harris LLC shored up assets in the stock as 13333.33 shares have been purchased, increasing its stake by 50% to 20,000 shares which are currently valued at $75,800. In addition, Virtu Financial LLC recently reported that it now owns 15,628 shares making a total of $59,230 based on the recent price. This refelects a change of 50% in their ownership.