Is Digital Ally Stock a Good Investment?
Digital Ally Investment Advice | DGLY |
- Examine Digital Ally's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Digital Ally's leadership team and their track record. Good management can help Digital Ally navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact Digital Ally's business and its evolving consumer preferences.
- Compare Digital Ally's performance and market position to its competitors. Analyze how Digital Ally is positioned in terms of product offerings, innovation, and market share.
- Check if Digital Ally pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Digital Ally's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Digital Ally stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Digital Ally is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Digital Ally Stock
Researching Digital Ally's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book (P/B) ratio of 1.65. Some equities with similar Price to Book (P/B) outperform the market in the long run. Digital Ally recorded a loss per share of 7.1. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 8th of February 2023.
To determine if Digital Ally is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Digital Ally's research are outlined below:
| Digital Ally generated a negative expected return over the last 90 days | |
| Digital Ally has high historical volatility and very poor performance | |
| Digital Ally has some characteristics of a very speculative penny stock | |
| Digital Ally has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 28.25 M. Net Loss for the year was (25.69 M) with profit before overhead, payroll, taxes, and interest of 5.66 M. | |
| Digital Ally currently holds about 13.45 M in cash with (9.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. | |
| Digital Ally has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Digital Ally Advances with Strong Sales and New Innovations |
Digital Ally Quarterly Accounts Payable |
|
Digital Ally uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Digital Ally. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Digital Ally's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Digital Ally's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Digital Ally's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-11-14 | 2019-09-30 | -0.3 | -0.26 | 0.04 | 13 | ||
2022-03-29 | 2021-12-31 | -0.04 | 0.01 | 0.05 | 125 | ||
2020-04-06 | 2020-03-31 | -0.3 | -0.17 | 0.13 | 43 | ||
2018-02-13 | 2017-12-31 | -0.3 | -0.559 | -0.259 | 86 | ||
2015-05-13 | 2015-03-31 | 0.14 | -0.2 | -0.34 | 242 | ||
2020-08-13 | 2020-06-30 | -2.6 | -2.2 | 0.4 | 15 | ||
2023-12-31 | 2023-12-31 | -2.21 | -2.67 | -0.46 | 20 | ||
2024-05-17 | 2024-03-31 | -2.21 | -2.69 | -0.48 | 21 |
Know Digital Ally's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Digital Ally is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Digital Ally backward and forwards among themselves. Digital Ally's institutional investor refers to the entity that pools money to purchase Digital Ally's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Planned Solutions, Inc. | 2024-09-30 | 100.0 | Jpmorgan Chase & Co | 2024-06-30 | 38.0 | Corecap Advisors, Llc | 2024-06-30 | 32.0 | Royal Bank Of Canada | 2024-06-30 | 23.0 | Fmr Inc | 2024-09-30 | 14.0 | Advisor Group Holdings, Inc. | 2024-06-30 | 6.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Blackrock Inc | 2024-06-30 | 39.8 K | Vanguard Group Inc | 2024-09-30 | 30.6 K | Geode Capital Management, Llc | 2024-09-30 | 25.2 K | Citadel Advisors Llc | 2024-09-30 | 17.1 K |
Digital Ally's market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 3.83 M.Market Cap |
|
Digital Ally's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.84) | (0.88) | |
| Return On Capital Employed | (0.91) | (0.95) | |
| Return On Assets | (0.55) | (0.57) | |
| Return On Equity | (2.38) | (2.26) |
Determining Digital Ally's profitability involves analyzing its financial statements and using various financial metrics to determine if Digital Ally is a good buy. For example, gross profit margin measures Digital Ally's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Digital Ally's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Digital Ally's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Digital Ally. Check Digital Ally's Beneish M Score to see the likelihood of Digital Ally's management manipulating its earnings.
Evaluate Digital Ally's management efficiency
Digital Ally has return on total asset (ROA) of (0.2411) % which means that it has lost $0.2411 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.5776) %, meaning that it created substantial loss on money invested by shareholders. Digital Ally's management efficiency ratios could be used to measure how well Digital Ally manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.88 in 2024. Return On Capital Employed is likely to drop to -0.95 in 2024. At this time, Digital Ally's Non Current Assets Total are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 6.9 M in 2024, whereas Total Assets are likely to drop slightly above 24.4 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.11 | 3.91 | |
| Tangible Book Value Per Share | (1.82) | (1.73) | |
| Enterprise Value Over EBITDA | (0.75) | (0.79) | |
| Price Book Value Ratio | 0.55 | 0.52 | |
| Enterprise Value Multiple | (0.75) | (0.79) | |
| Price Fair Value | 0.55 | 0.52 | |
| Enterprise Value | 15.1 M | 29.4 M |
The decision-making processes within Digital Ally are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Beta 0.869 |
Basic technical analysis of Digital Stock
As of the 26th of November, Digital Ally shows the Mean Deviation of 4.54, variance of 59.26, and Standard Deviation of 7.7. Digital Ally technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Digital Ally's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Digital Ally insiders, such as employees or executives, is commonly permitted as long as it does not rely on Digital Ally's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Digital Ally insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Stanton Ross over six months ago Insider Trading | ||
Daniel Hutchins over six months ago Acquisition by Daniel Hutchins of 100000 shares of Digital Ally at 1.67 subject to Rule 16b-3 | ||
Stanton Ross over six months ago Sale by Stanton Ross of 2500 shares of Digital Ally | ||
Stanton Ross over a year ago Sale by Stanton Ross of 300 shares of Digital Ally |
Digital Ally's Outstanding Corporate Bonds
Digital Ally issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Digital Ally uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Digital bonds can be classified according to their maturity, which is the date when Digital Ally has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| DIGITAL RLTY TR Corp BondUS25389JAR77 | View | |
| DIGITAL REALTY TRUST Corp BondUS25389JAU07 | View | |
| DIGITAL RLTY TR Corp BondUS25389JAT34 | View | |
| DLR 555 15 JAN 28 Corp BondUS25389JAV89 | View |
Understand Digital Ally's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Digital Ally's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 4.03 | |||
| Mean Deviation | 4.54 | |||
| Coefficient Of Variation | (4,004) | |||
| Standard Deviation | 7.7 | |||
| Variance | 59.26 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 4.02 | |||
| Maximum Drawdown | 33.8 | |||
| Value At Risk | (13.83) | |||
| Potential Upside | 12.87 | |||
| Skewness | 1.35 | |||
| Kurtosis | 6.77 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 4.03 | |||
| Mean Deviation | 4.54 | |||
| Coefficient Of Variation | (4,004) | |||
| Standard Deviation | 7.7 | |||
| Variance | 59.26 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 4.02 | |||
| Maximum Drawdown | 33.8 | |||
| Value At Risk | (13.83) | |||
| Potential Upside | 12.87 | |||
| Skewness | 1.35 | |||
| Kurtosis | 6.77 |
Consider Digital Ally's intraday indicators
Digital Ally intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Digital Ally stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 11977.33 | |||
| Daily Balance Of Power | 0.2 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 0.85 | |||
| Day Typical Price | 0.85 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 43.62 |
Digital Stock media impact
Far too much social signal, news, headlines, and media speculation about Digital Ally that are available to investors today. That information is available publicly through Digital media outlets and privately through word of mouth or via Digital internal channels. However, regardless of the origin, that massive amount of Digital data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Digital Ally news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Digital Ally relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Digital Ally's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Digital Ally alpha.
Digital Ally Sentiment by Major 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 Corporate Executives
Elected by the shareholders, the Digital Ally's board of directors comprises two types of representatives: Digital Ally inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Digital. The board's role is to monitor Digital Ally's management team and ensure that shareholders' interests are well served. Digital Ally's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Digital Ally's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Heckman | CFO, VP, Treasurer and Secretary | Profile |
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.