What is May outlook for Digital Ally (NASDAQ:DGLY)?
 | By Vlad Skutelnik | Macroaxis Story |
Digital Ally is scheduled to announce its earnings today. While some investors are becoming indifferent towards industrials space, we are going to break down the feasibility of acquiring Digital as a potential hedging instrument for your current portfolios. We will evaluate why recent Digital Ally price moves suggest a bounce in May.
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Reviewed by Michael Smolkin
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Digital Ally has an asset utilization ratio of 52.99 percent. This suggests that the company is making $0.53 for each dollar of assets. An increasing asset utilization means that Digital Ally is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of Digital Ally? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our stock advisor page.
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.
What is happening with Digital Ally this year
Annual and quarterly reports issued by Digital Ally are formal financial statements that are published yearly and quarterly and sent to Digital stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Digital Ally often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
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.
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