Should I rely on Digital Ally management in July 2020?
 | By Raphi Shpitalnik | Macroaxis Story |
This firm current chance of distress is over 66.0 percent. Digital Ally Piotroski F Score is 5 - Healthy, but let us try to break down Digital perspective for July. Digital Ally is extremely dangerous given 1 month investment horizon. Digital Ally secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had 0.18% of return per unit of risk over the last 1 month. Our philosophy towards predicting the volatility of a stock is to use Digital Ally market data together with company specific technical indicators. We were able to interpellate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.25% are justified by taking the suggested risk. Use Digital Ally downside deviation of 7.36, mean deviation of 9.54, and coefficient of variation of 525.41 to evaluate company specific risk that cannot be diversified away.
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Reviewed by Rifka Kats
Digital Ally has a beta of 1.0809. Let's try to break down what Digital's beta means in this case. As returns on the market increase, Digital Ally returns are expected to increase less than the market. However, during the bear market, the loss on holding Digital Ally will be expected to be smaller as well. The beta indicator helps investors understand whether Digital Ally moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Digital deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. Digital Ally shows negative operation of assets of -0.9165 percent, getting only $0.0092 for each dollar of assets held by the firm. Inadequate asset utilization denotes the company is being less effective with each dollar of assets it shows. Put another way asset utilization of Digital Ally shows how discouraging it operates for each dollar spent on its assets.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Digital Ally. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for Digital Ally
Watch out for price decline
Please consider monitoring Digital Ally on a daily basis if you are holding a position in it. Digital Ally is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Digital Ally stock to be traded above the $1 level to remain listed. If Digital Ally stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Digital Ally's Liquidity
Digital Ally financial leverage refers to using borrowed capital as a funding source to finance Digital Ally ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Digital Ally financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Digital Ally's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Digital Ally's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Digital Ally's total debt and its cash.
Digital Ally Gross Profit
Digital Ally Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Digital Ally previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Digital Ally Gross Profit growth over the last 10 years. Please check Digital Ally's gross profit and other fundamental indicators for more details.
An Additional Perspective On Digital Ally
The company reported previous year revenue of 10.4 M. Net Loss for the year was (11.91 M) with profit before overhead, payroll, taxes, and interest of 3.96 M. The entity reported previous year revenue of 10.4 M. Net Loss for the year was (11.91 M) with profit before overhead, payroll, taxes, and interest of 3.96 M. Digital Ally defends 2.99 m current liabilities. Digital Ally Earnings Before Interest Taxes and Depreciation Amortization USD is decreasing over the last 8 years. Digital Ally, Inc. produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. The company sells its products through direct sales and third-party distributors. Digital Ally operates under Security Protection Services classification in USA and is traded on BATS Exchange. It employs 119 people.null
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