Digital Ally, Inc. (DGLY), a Industrials Security & Protection Services organization, saw its stock trade 1.3384 shares, a lower amount when compared to its 10-day trading volume of 95.37k.
Digital Ally, Inc. (DGLY) stock is changing hands at $1.3384, up 0.3784 cents or +39.42% on the day.
Digital Ally, Inc. (DGLY) announced today on Feb. 04, 2020 the receipt of the initial purchase order under a substantial contract awarded by the Director of Strategic Procurement of that country for the expected deployment of body cameras to its entire national police force. The contract will include up to 5,000 body cameras with Digital Ally’s web-based software infrastructure service for a three-year period. The contract is expected to result in revenues exceeding $4.0 million commencing with delivery of the initial purchase order in February 2020 and the release of periodic purchase orders thereafter. Upon completion, this contract would be the largest body camera deployment in the Company’s history and the largest contract for recurring service revenues for its web-based software related to the body cameras.
The contract was awarded to Digital Ally after an extensive evaluation process resulting in the national police force replacing a competitors’ hardware and services with Digital’s body camera and new web-based software services offerings.
Total Revenue for Digital Ally, Inc. (DGLY) is $10.4M, Gross Profit is $3.96M and the EBITDA is $-13.64M.
Digital Ally, Inc. (DGLY) Technical Statistics:
The average 10-day trading volume of Digital Ally, Inc. (DGLY) is 95.37k compared to 73.83k over the last 3 months which indicates a surge in trading activity. Currently, Digital Ally, Inc. (DGLY) has a 50-day moving average of $1.0330 and a 200-day moving average of $1.1813. These moving averages are popular technical details that investors use to analyze price trends of Digital Ally, Inc. (DGLY).
Approximately 10.21% of the shares of the company are short sold from traders betting the shares will trade lower. The beta value on Digital Ally, Inc. (DGLY) stock is 0.79, indicating its 8.76% to 7.07% more volatile than the overall marketplace.
Technically, DGLYs short term resistance levels are $1.65, $1.34 and $1.30 on the upside.
Based on technical analysis, DGLY has short term rating of Bearish (-0.30), Intermediate rating of Very Bearish (-0.59) and the long-term rating of Neutral (-0.20) giving it an overall rating of Bearish (-0.37).
DGLY is trading 68.52% off its 52 week low at $0.81 and -74.39% off its 52 week high of $5.33. Performance wise, DGLY stock has recently shown investors -1.34% a lower amount in a week, -6.80% a lower amount in a month and -21.31% a lower amount in the past quarter.
More importantly, Digital Ally, Inc. (DGLY) has shown a return of -5.88% since the beginning of the year.
Digital Ally, Inc. (DGLY) Key Details:
Digital Ally, Inc. (DGLY) is a micro-cap company with a market cap value of $16.167M. DGLY insiders hold roughly 32.25% of the shares.
On Nov-13-15 ROTH Capital Downgrade DGLY as Buy → Neutral at $16 → $7. On Aug-18-16 Maxim Group Initiated DGLY as Buy at $15 and on Nov-15-17 Maxim Group Reiterated DGLY as Buy at $9 → $4.
There are currently 8.25M shares in the float and 11.36M shares outstanding. There are 10.21% shares short in DGLYs float.
The industry rank for Digital Ally, Inc. (DGLY) is 98 out of 254 ranking it at the Top 39% .
Digital Ally, Inc. (DGLY) Fundamental Data:
DGLY last 2 years revenues have decreased from $11,291 to $10,399 showing a downtrend.
The book value per share (mrq) is -0.29 and cash per share (mrq) is 0.11.
About Digital Ally, Inc. (DGLY):
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.