Digital Ally Inc (DGLY) Stock Up 26.08%: Is It a Good Investment?

Digital Ally Inc [DGLY] stock prices are up 26.08% to $0.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DGLY shares have gain 1.39% over the last week, with a monthly amount drifted -28.43%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Maxim Group reaffirmed its Buy rating on November 15, 2017, and dropped its price target to $4. On August 18, 2016, Maxim Group initiated with a Buy rating and assigned a price target of $15 on the stock. ROTH Capital downgraded its rating to a Neutral and decreased its price target to $7 on November 13, 2015. ROTH Capital reiterated its recommendation of a Buy and reduced its price target to $16 on August 10, 2015. H.C. Wainwright started tracking with a Buy rating for this stock on June 18, 2015, and assigned it a price target of $24. In a note dated June 18, 2015, Chardan Capital Markets initiated an Buy rating and provided a target price of $20 on this stock.

The stock price of Digital Ally Inc [DGLY] has been fluctuating between $0.56 and $3.29 over the past year. Digital Ally Inc [NASDAQ: DGLY] shares were valued at $0.73 at the most recent close of the market.

Analyzing the DGLY fundamentals

The Digital Ally Inc [NASDAQ:DGLY] reported sales of 23.42M for trailing twelve months, representing a drop of -32.17%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.8%, Pretax Profit Margin comes in at -0.86%, and Net Profit Margin reading is -0.86%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -2.12 and Total Capital is -1.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.66.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6120 points at the first support level, and at 0.4940 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8060, and for the 2nd resistance point, it is at 0.8820.

Ratios To Look Out For

It’s worth pointing out that Digital Ally Inc [NASDAQ:DGLY]’s Current Ratio is 0.51. On the other hand, the Quick Ratio is 0.43, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 1.10.

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