Digital Ally Stock Today

DGLY Stock  USD 2.57  0.05  1.91%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Over 54

 
100  
 
Zero
Average
Digital Ally is trading at 2.57 as of the 28th of March 2024; that is -1.91% down since the beginning of the trading day. The stock's open price was 2.62. Digital Ally has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Digital Ally are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2023 and ending today, the 28th of March 2024. Click here to learn more.
Digital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. Digital Ally, Inc. was founded in 2004 and is headquartered in Lenexa, Kansas. The company has 2.8 M outstanding shares of which 155.51 K shares are currently shorted by private and institutional investors with about 16.42 trading days to cover. More on Digital Ally

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Digital Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Digital Ally's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Digital Ally or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and PresStanton Ross
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Electronic Equipment, Instruments & Components, Security & Protection Services, Industrials (View all Sectors)
Digital Ally (DGLY) is traded on NASDAQ Exchange in USA. It is located in 14001 Marshall Drive, Lenexa, KS, United States, 66215 and employs 201 people. Digital Ally is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 7.17 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Digital Ally's market, we take the total number of its shares issued and multiply it by Digital Ally's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Digital Ally conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 2.8 M outstanding shares of which 155.51 K shares are currently shorted by private and institutional investors with about 16.42 trading days to cover. Digital Ally currently holds about 13.45 M in cash with (6.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28.
Check Digital Ally Probability Of Bankruptcy
Ownership Allocation
Digital Ally shows 7.54 percent of its outstanding shares held by insiders and 4.209 percent owned by other corporate entities.
Check Digital Ownership Details

Digital Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Digital Ally jumping above the current price in 90 days from now is about 5.88%. The Digital Ally probability density function shows the probability of Digital Ally stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6463 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Digital Ally will likely underperform. Additionally, digital Ally has an alpha of 0.2078, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 2.57HorizonTargetOdds Above 2.57
94.08%90 days
 2.57 
5.88%
Based on a normal probability distribution, the odds of Digital Ally to move above the current price in 90 days from now is about 5.88 (This Digital Ally probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) .

Digital Ally Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Digital Ally market risk premium is the additional return an investor will receive from holding Digital Ally long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Digital Ally. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Digital Ally's alpha and beta are two of the key measurements used to evaluate Digital Ally's performance over the market, the standard measures of volatility play an important role as well.

Digital Stock Against Markets

Picking the right benchmark for Digital Ally stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Digital Ally stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Digital Ally is critical whether you are bullish or bearish towards Digital Ally at a given time. Please also check how Digital Ally's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Digital Ally without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Theme Ratings

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Digital Ally Corporate Directors

Digital Ally corporate directors refer to members of a Digital Ally board of directors. The board of directors generally takes responsibility for the Digital Ally's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Digital Ally's board members must vote for the resolution. The Digital Ally board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Daniel HutchinsIndependent DirectorProfile
Leroy RichieLead Independent Outside DirectorProfile
Elliot KaplanIndependent DirectorProfile
Michael CaulfieldDirectorProfile

How to buy Digital Stock?

Before investing in Digital Ally, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Digital Ally. To buy Digital Ally stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Digital Ally. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Digital Ally stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Digital Ally stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Digital Ally stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Digital Ally, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.

Already Invested in Digital Ally?

The danger of trading Digital Ally is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Digital Ally is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Digital Ally. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Digital Ally is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Digital Ally offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Digital Ally's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digital Ally Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digital Ally Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Ally. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.
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When running Digital Ally's price analysis, check to measure Digital Ally's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Ally is operating at the current time. Most of Digital Ally's value examination focuses on studying past and present price action to predict the probability of Digital Ally's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Ally's price. Additionally, you may evaluate how the addition of Digital Ally to your portfolios can decrease your overall portfolio volatility.
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Is Digital Ally's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Ally. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Ally listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Digital Ally is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Ally's value that differs from its market value or its book value, called intrinsic value, which is Digital Ally's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digital Ally's market value can be influenced by many factors that don't directly affect Digital Ally's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digital Ally's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Ally is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Ally's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.