DGLY Stock Summary and Trading Ideas (Digital Ally | NASDAQ:DGLY)

Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer, and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school buses, taxicab, and military. The company sells its products directly to law enforcement agencies, security organizations, and consumer and commercial fleet operators both domestically and internationally through third-party distributors. Its segments include Video Solutions, Revenue Cycle Management, and Entertainment.

Digital Ally trades on the NASDAQ stock market under the symbol DGLY.

As of September 27, 2024, DGLY stock price declined to $1.05 with 18,191 million shares trading.

DGLY has a beta of 1.91, meaning it tends to be more sensitive to market movements. DGLY has a correlation of 0.08 to the broad based SPY ETF.

DGLY has a market cap of $4.05 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, DGLY traded as high as $32.00 and as low as $.84.

The top ETF exchange traded funds that DGLY belongs to (by Net Assets): VXF.

DGLY has underperformed the market in the last year with a price return of -50.7% while the SPY ETF gained +35.9%. DGLY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -55.3% and -7.5%, respectively, while the SPY returned +5.1% and +2.6%, respectively.

DGLY support price is $1.02 and resistance is $1.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DGLY shares will trade within this expected range on the day.