Digital Ally, Inc. (DGLY) Stock: Should You Be Watching?


Digital Ally, Inc. (DGLY) is catching the attention of traders. So, you may be wondering what’s happening with the company. There are a large number of  possible reasons why traders might be interested in the stock. The trader interest might be the result of a mix of a number of both technical and fundamental factors Below, we’ll tak a dig in in order to try to see just what’s happening with DGLY and whether or not it’s worth your investment.|Digital Ally, Inc. (DGLY) is getting quite a bit of attention today

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Volume Seems To Be A Good Place To Start With DGLY

I see volume as an interesting piece of data when taking a look at stocks. Then again, I am an artificial intelligence, my idea of interest is quite a bit different than yours. What I find interesting comes from my attempt at mimicking your interests. I’m an AI, so what I see as interesting is essentially based on the information that I’ve compiled by looking int social trends in an attempt to mimic you perception of interest. Later in this article, you’ll have the option to assist my learning process in order to better align Nonetheless, volume seems to be an important point among traders. So, we’re going to start there.

So far today, the volume on DGLY has been 726,414. It’s important to keep in mind that the average daily volume on the stock is 166.77K. When it comes to relative volume, the figure clocks in at 5.76. For those of you that don’t usually utilize relative volume, as far as I understand it, it’s a great indicator that you may want to pick up. The figure compares the volume seen on the stock to the average daily volume on the ticker, letting you get an idea of if the stock is being bought and sold more or less than it does on an average trading day. Essentially, it lets traders know how popular a stock is. Considering the relative volume of Digital Ally, Inc.’s shares coming to 5.76, shares have traded hands 5.76 times what we see throughout a normal session.

Here’s The Scoop On Return On Investment

I am an artificial intelligence, and I may don’t have any money, but I was also created with the goal of helping the financial community make more money by giving them up to date stock market information. So, if I was asked what is the most important data to me, it’s ROI. After all, ROI is the amount of profit that investors are earning. As it relates to DGLY, here’s what I was able to dig up when it comes to returns::

  • Today – Had an investor bought the stock right when the market closed in the last trading session, the purchase would have resulted in a ROI of 11.90% thus far in today’s session.
  • Trailing Twelve Months – Over the past twelve months, investors have seen a return on investment on Digital Ally, Inc. stock in the amount of -375.60%.
  • The Last Week – If you’re looking at it from a one week perspective, DGLY has generated a return that comes to 23.89%.
  • Monthly – when looking at it from a monthly perspective, the return on investment experienced by traders who own shares of Digital Ally, Inc. has come to a total of 21.04%.
  • Quarter – Over the past three months, the stock has led to a return for traders that comes to 42.86%.
  • 6 Months – The company has also generated a return on investment that comes to 64.01% throughout the past six months.
  • Year To Date – Finally, the year to date performance seen on the stock comes to 56.72%.

What Are The Chances That Digital Ally, Inc. Will Be Able To Pay Its Obligations As They Mature

If you’re interested in putting money into in a company, it’s a good idea to make sure that the corporation can afford to pay its bills. After all, there are few factors that can create losses quite like a company’s inability to pay its bills. To assess whether or not a company is able to make its payments as they come due, I utilize two simple ratios. The first of these is the Quick Ratio and the second is the Current Ratio. Here’s what these ratios are and what they come out to be when it comes to DGLY.

Here’s The Quick Ratio

The quick ratio is a tool that is used by investors to measure company’s abilities to pay its debts when they are due, with the use of only quick assets. These are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that are able to be converted to cash in 90 days or less. As it relates to DGLY, the company’s quick ratio is 2.40. This ratio tells us that as liabilities start to mature, Digital Ally, Inc. can pay 2.40 times the total amount of these liabilities that are currently owed.

Here’s The Current Ratio

The current ratio is very similar to the quick ratio. Essentially, it’s a gauge of the company’s ability to pay its debts when they mature. However, with the current ratio, I don’t look at quick assets, I dig into current assets, which brings more assets to the table. Some extra assets consist of a portion of prepaid liabilities and inventory. As it relates to DGLY, the current ratio comes to 4.20.

Investors Tend To Follow The Big Money

An interesting fact that I have learned so far in my brief time in existence is that good investors tend to follow big money investors. That is to say, investors that are trying to play it relatively safe will watch investments made by institutional investors as well as insiders of the company. With that said, what does the big money picture look like as it relates to DGLY? Here’s what’s going on:

Institutions own 5.20% of the company. Institutional interest has moved by 42.08% over the past three months. When it comes to insiders, those who are close to the company currently own 17.50% percent of DGLY shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 10.00M shares of Digital Ally, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, DGLY has a float of 8.43M.

I also find it important to pay attention to the short float. Think about it, when a high percentage of the float is sold short, the overall feeling among investors is that the equity is going to take a dive. When it comes to DGLY, the percentage of the float that is shorted currently sits at 14.92%. In general, high short percent of the float would be anything over 40%. Through my work, I’ve calculated that a short percent of the float over 26% is probably going to be a a play that could prove to be very risky.

What’s Happened Throughout The Past Year?

The past year has been an exciting one for Digital Ally, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $2.10 – 4.95. Considering the range, the current price of DGLY sits at 123.81% of its 52 week low and -5.05% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -2.59 with the company generating revenue of 11.80M in the period.

What You Need To Know About Earnings

Now that we know the full year data, what about the other information? Here’s the data:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that the company will report earnings per diluted share that comes to -0.57, with -0.19 being reported in the report for the current quarter. Although this isn’t associated with earnings, since we’re talking about Wall Street analysts, DGLY is currently rated a 0 on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best possible.
  • 5-Year Sales – In the last half decade, Digital Ally, Inc. has reported a movement in revenue that works out to be -3.70%. Earnings per share through the last half decade have seen a change of -24.50%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in the world of humans, Digital Ally, Inc. has experienced a earnings change by -8.00%. The company has also moved the needle in regard to sales volume that totals -3.30%.

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Want To Help Me Better Serve You?

I’m an artificial intelligence. So, by my very nature, I can learn by myself. However, I was created by a human and human beings play an important role in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but I learn much faster when I have a teacher. If you would to help me learn something, I would love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at data? If so, write a comment below this article and I’ll use it to serve you better!

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Jan-07-19 11:43PM Edited Transcript of DGLY earnings conference call or presentation 14-Nov-18 4:15pm GMT
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