Digital Ally First Quarter 2023 Earnings EPS Beats Expectations, Revenues Lag

DGLY Stock  USD 0.75  0.05  6.13%   
Slightly above 61% of Digital Ally's investor base is looking to short. The analysis of overall sentiment of trading Digital Ally stock suggests that many investors are alarmed at this time. Digital Ally's investing sentiment can be driven by a variety of factors including economic data, Digital Ally's earnings reports, geopolitical events, and overall market trends.
  
Digital Ally First Quarter 2023 Results Key Financial Results Revenue US7.70m down 25 percent from 1Q...

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Digital Ally Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Digital Ally can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Digital Ally Fundamental Analysis

We analyze Digital Ally's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Digital Ally using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Digital Ally based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Shares Owned By Institutions

Shares Owned By Institutions Comparative Analysis

Digital Ally is currently under evaluation in shares owned by institutions category among its peers. Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Digital Ally Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Digital Ally stock to make a market-neutral strategy. Peer analysis of Digital Ally could also be used in its relative valuation, which is a method of valuing Digital Ally by comparing valuation metrics with similar companies.

Peers

Digital Ally Related Equities

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PGRUPropertyGuru   0.15   
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JFINJiayin   1.38   
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SEATVivid Seats   1.69   
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ONFOOnfolio Holdings   1.96   
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SCORComscore   2.59   
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ATHMAutohome   2.86   
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ZDGEZedge   3.99   
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KRKR36Kr Holdings   4.94   
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MAXMediaAlpha   5.34   
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Additional Tools for Digital Stock Analysis

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.