Digital Ally's average rating is Strong Buy from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Digital Ally market sentiment investors' perception of the future value of Digital. Let us look at a few aspects of Digital technical analysis.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Digital Ally. In general, sophisticated investors focus on analyzing Digital Ally stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Digital Ally's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Digital Ally's intrinsic value. In addition to deriving basic predictive indicators for Digital Ally, many experienced traders also check how macroeconomic factors affect Digital Ally price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
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 does Digital Stands against Peers?
Analyzing Digital Ally competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Digital Ally across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Digital Ally Competition DetailsDigital 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.
Closer look at Digital Ally Semi Deviation
Digital Ally has current Semi Deviation of 2.24. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Deviation | = | SQRT(SV) |
| = | 2.24 |
Let's now compare Digital Ally Semi Deviation to its closest peers:
| DGLY | 2.2405630162913095 |
| BKYI | 3.69 |
| BCO | 1.38 |
| CIX | 1.65 |
Will Digital Ally continue to go out of control?
Digital Ally current skewness rises over 0.34. Digital Ally currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.15. However, we advise investors to further question Digital Ally expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Digital Ally is a potential penny stock. Although Digital Ally may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Digital Ally. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Digital instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
Our Conclusion on Digital Ally
While other entities in the security & protection services industry are either recovering or due for a correction, Digital may not be as strong as the others in terms of longer-term growth potentials. While some in two-three weeks oriented investors may not share our view, we believe it may not be a good time to pick up new shares of Digital.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Digital Ally. Please refer to our
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