Digital Common Stock vs Net Receivables Analysis

DGLY Stock

USD 0.08 0.01 13.04%

Digital Ally financial indicator trend analysis is much more than just examining Digital Ally latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Ally is a good investment. Please check the relationship between Digital Ally Common Stock and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Ally. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.

Common Stock vs Net Receivables

Common Stock vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Ally Common Stock account and Net Receivables. At this time, the significance of the direction appears to have no relationship.

The correlation between Digital Ally's Common Stock and Net Receivables is 0.05. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Digital Ally, assuming nothing else is changed. The correlation between historical values of Digital Ally's Common Stock and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Digital Ally are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Common Stock i.e., Digital Ally's Common Stock and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.05

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Common Stock

Net Receivables

Most indicators from Digital Ally's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Ally current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Ally. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.At this time, Digital Ally's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 29.4 M in 2025, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	2.3M	5.8M	5.2M	6.3M
Total Revenue	37.0M	28.2M	32.5M	21.4M

Gross Profit Total Revenue

Digital Ally fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.27	0.83	0.86	0.82	0.92	0.67	-0.38	-0.6	0.75	0.6	0.9	0.73	0.86	0.6	0.83	-0.66	0.89	0.14	0.97	0.82	0.78	0.88	0.81	0.32	0.36
Short Long Term Debt Total	0.27		0.21	0.65	-0.3	0.47	0.74	0.58	-0.65	0.65	-0.29	0.51	0.63	0.44	-0.29	0.22	-0.15	0.54	-0.23	0.34	0.57	0.79	0.55	-0.13	0.72	-0.31
Other Current Liab	0.83	0.21		0.72	0.74	0.62	0.4	-0.61	-0.34	0.4	0.83	0.59	0.37	0.61	0.83	0.48	-0.47	0.61	0.21	0.75	0.55	0.6	0.59	0.87	0.24	0.64
Total Current Liabilities	0.86	0.65	0.72		0.44	0.92	0.84	0.02	-0.72	0.91	0.27	0.92	0.86	0.85	0.27	0.68	-0.6	0.93	-0.05	0.89	0.85	0.97	0.93	0.5	0.72	0.09
Total Stockholder Equity	0.82	-0.3	0.74	0.44		0.59	0.2	-0.76	-0.19	0.31	0.82	0.54	0.29	0.56	0.82	0.68	-0.53	0.52	0.33	0.74	0.46	0.29	0.51	0.92	-0.15	0.59
Property Plant And Equipment Net	0.92	0.47	0.62	0.92	0.59		0.81	-0.02	-0.69	0.94	0.24	1.0	0.94	0.94	0.24	0.81	-0.65	0.98	-0.12	0.96	0.86	0.9	0.99	0.51	0.51	0.05
Current Deferred Revenue	0.67	0.74	0.4	0.84	0.2	0.81		0.24	-0.95	0.87	0.01	0.83	0.86	0.67	0.01	0.59	-0.47	0.89	-0.15	0.73	0.95	0.91	0.81	0.25	0.58	-0.02
Net Debt	-0.38	0.58	-0.61	0.02	-0.76	-0.02	0.24		-0.18	0.29	-0.93	0.03	0.31	0.0	-0.93	-0.13	0.09	0.01	-0.36	-0.25	0.0	0.19	0.06	-0.8	0.47	-0.85
Retained Earnings	-0.6	-0.65	-0.34	-0.72	-0.19	-0.69	-0.95	-0.18		-0.74	-0.03	-0.7	-0.72	-0.53	-0.03	-0.59	0.47	-0.8	0.07	-0.65	-0.93	-0.79	-0.67	-0.26	-0.47	-0.05
Accounts Payable	0.75	0.65	0.4	0.91	0.31	0.94	0.87	0.29	-0.74		-0.06	0.95	0.98	0.88	-0.06	0.72	-0.6	0.93	-0.18	0.83	0.84	0.93	0.96	0.24	0.69	-0.23
Cash	0.6	-0.29	0.83	0.27	0.82	0.24	0.01	-0.93	-0.03	-0.06		0.2	-0.08	0.23	1.0	0.29	-0.22	0.23	0.36	0.46	0.23	0.12	0.18	0.92	-0.25	0.86
Non Current Assets Total	0.9	0.51	0.59	0.92	0.54	1.0	0.83	0.03	-0.7	0.95	0.2		0.95	0.94	0.2	0.78	-0.63	0.98	-0.16	0.95	0.87	0.91	1.0	0.46	0.53	0.02
Non Currrent Assets Other	0.73	0.63	0.37	0.86	0.29	0.94	0.86	0.31	-0.72	0.98	-0.08	0.95		0.89	-0.08	0.7	-0.61	0.94	-0.24	0.81	0.83	0.91	0.96	0.2	0.6	-0.22
Other Assets	0.86	0.44	0.61	0.85	0.56	0.94	0.67	0.0	-0.53	0.88	0.23	0.94	0.89		0.23	0.76	-0.69	0.88	-0.05	0.88	0.73	0.83	0.94	0.48	0.4	-0.04
Cash And Short Term Investments	0.6	-0.29	0.83	0.27	0.82	0.24	0.01	-0.93	-0.03	-0.06	1.0	0.2	-0.08	0.23		0.29	-0.22	0.23	0.36	0.46	0.23	0.12	0.18	0.92	-0.25	0.86
Net Receivables	0.83	0.22	0.48	0.68	0.68	0.81	0.59	-0.13	-0.59	0.72	0.29	0.78	0.7	0.76	0.29		-0.68	0.76	0.26	0.81	0.74	0.65	0.77	0.62	0.29	0.05
Common Stock Total Equity	-0.66	-0.15	-0.47	-0.6	-0.53	-0.65	-0.47	0.09	0.47	-0.6	-0.22	-0.63	-0.61	-0.69	-0.22	-0.68		-0.64	-0.28	-0.66	-0.6	-0.54	-0.61	-0.49	-0.28	0.01
Common Stock Shares Outstanding	0.89	0.54	0.61	0.93	0.52	0.98	0.89	0.01	-0.8	0.93	0.23	0.98	0.94	0.88	0.23	0.76	-0.64		-0.15	0.94	0.93	0.92	0.97	0.48	0.53	0.11
Inventory	0.14	-0.23	0.21	-0.05	0.33	-0.12	-0.15	-0.36	0.07	-0.18	0.36	-0.16	-0.24	-0.05	0.36	0.26	-0.28	-0.15		-0.03	0.02	-0.12	-0.16	0.49	-0.15	0.17
Other Current Assets	0.97	0.34	0.75	0.89	0.74	0.96	0.73	-0.25	-0.65	0.83	0.46	0.95	0.81	0.88	0.46	0.81	-0.66	0.94	-0.03		0.85	0.82	0.93	0.68	0.42	0.27
Other Stockholder Equity	0.82	0.57	0.55	0.85	0.46	0.86	0.95	0.0	-0.93	0.84	0.23	0.87	0.83	0.73	0.23	0.74	-0.6	0.93	0.02	0.85		0.88	0.84	0.49	0.47	0.16
Total Liab	0.78	0.79	0.6	0.97	0.29	0.9	0.91	0.19	-0.79	0.93	0.12	0.91	0.91	0.83	0.12	0.65	-0.54	0.92	-0.12	0.82	0.88		0.92	0.36	0.7	-0.03
Property Plant And Equipment Gross	0.88	0.55	0.59	0.93	0.51	0.99	0.81	0.06	-0.67	0.96	0.18	1.0	0.96	0.94	0.18	0.77	-0.61	0.97	-0.16	0.93	0.84	0.92		0.44	0.57	-0.02
Total Current Assets	0.81	-0.13	0.87	0.5	0.92	0.51	0.25	-0.8	-0.26	0.24	0.92	0.46	0.2	0.48	0.92	0.62	-0.49	0.48	0.49	0.68	0.49	0.36	0.44		-0.05	0.69
Short Term Debt	0.32	0.72	0.24	0.72	-0.15	0.51	0.58	0.47	-0.47	0.69	-0.25	0.53	0.6	0.4	-0.25	0.29	-0.28	0.53	-0.15	0.42	0.47	0.7	0.57	-0.05		-0.3
Common Stock	0.36	-0.31	0.64	0.09	0.59	0.05	-0.02	-0.85	-0.05	-0.23	0.86	0.02	-0.22	-0.04	0.86	0.05	0.01	0.11	0.17	0.27	0.16	-0.03	-0.02	0.69	-0.3

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Digital Ally Account Relationship Matchups

Digital Ally fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	20.8M	83.0M	56.7M	47.0M	54.1M	56.8M
Short Long Term Debt Total	996.8K	2.2M	1.8M	9.9M	11.4M	12.0M
Other Current Liab	796.1K	16.0M	1.6M	4.6M	5.3M	5.6M
Total Current Liabilities	3.7M	23.0M	13.5M	22.5M	25.9M	27.2M
Total Stockholder Equity	14.4M	55.8M	35.9M	10.8M	12.4M	13.1M
Property Plant And Equipment Net	1.4M	7.8M	8.7M	8.3M	9.6M	10.1M
Current Deferred Revenue	1.6M	1.7M	2.2M	2.9M	3.4M	3.5M
Net Debt	(3.4M)	(29.8M)	(1.8M)	9.2M	8.3M	8.7M
Retained Earnings	(90.0M)	(68.7M)	(92.0M)	(117.7M)	(105.9M)	(100.6M)
Accounts Payable	1.1M	4.6M	9.5M	10.7M	12.3M	13.0M
Cash	4.4M	32.0M	3.5M	680.5K	782.6K	743.5K
Non Current Assets Total	3.0M	26.8M	31.7M	31.4M	36.2M	38.0M
Non Currrent Assets Other	1.2M	2.1M	5.2M	6.6M	7.6M	8.0M
Cash And Short Term Investments	4.4M	32.0M	3.5M	680.5K	782.6K	743.5K
Net Receivables	3.2M	4.7M	6.1M	4.7M	5.4M	3.8M
Common Stock Shares Outstanding	1.1M	2.5M	2.5M	2.8M	3.2M	3.4M
Liabilities And Stockholders Equity	20.8M	83.0M	56.7M	47.0M	54.1M	56.8M
Inventory	8.2M	9.7M	6.8M	3.8M	4.4M	7.6M
Other Current Assets	2.0M	9.7M	8.5M	6.4M	7.3M	7.7M
Other Stockholder Equity	104.3M	124.4M	127.9M	128.4M	147.7M	155.1M
Total Liab	6.4M	27.1M	20.3M	35.6M	40.9M	43.0M
Property Plant And Equipment Gross	753.18	7.8M	8.7M	9.8M	11.3M	11.9M
Total Current Assets	17.8M	56.1M	25.0M	15.6M	17.9M	17.6M
Short Term Debt	125.2K	763.3K	780.0K	4.2M	4.9M	5.1M
Common Stock	26.8K	50.9K	2.7K	2.8K	3.2K	3.1K
Property Plant Equipment	247.5K	197.1K	1.4M	7.8M	9.0M	9.5M
Other Liab	2.0M	1.8M	1.8M	2.7M	3.1M	3.2M
Non Current Liabilities Total	2.7M	4.1M	6.8M	13.0M	15.0M	15.7M
Intangible Assets	392.6K	7.0M	6.5M	5.1M	5.9M	6.2M
Net Tangible Assets	(1.9M)	(6.7M)	14.0M	38.9M	44.7M	47.0M
Long Term Debt	148.3K	727.3K	442.5K	4.9M	5.6M	2.9M

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Digital Common Stock vs Net Receivables Analysis

Common Stock vs Net Receivables

Common Stock vs Net Receivables Correlation Analysis

Correlation Coefficient

Common Stock

Net Receivables

Digital Ally fundamental ratios Correlations

Digital Ally Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Digital Ally fundamental ratios Accounts

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Common Stock Shares Outstanding	+ 0.98	Property Plant And Equipment Net
Non Currrent Assets Other	+ 0.98	Accounts Payable

Retained Earnings	- 0.95	Current Deferred Revenue
Other Stockholder Equity	- 0.93	Retained Earnings
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Common Stock	- 0.85	Net Debt
Common Stock Shares Outstanding	- 0.8	Retained Earnings