Digital Ally Inc./NV (NASDAQ:DGLY) Releases Quarterly Earnings Results, Beats Estimates By $1.42 EPS

Digital Ally Inc./NV (NASDAQ:DGLY) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($2.01) by $1.42, FiscalAI reports. Digital Ally Inc./NV had a negative return on equity of 538.11% and a negative net margin of 59.69%.The firm had revenue of $4.54 million during the quarter, compared to the consensus estimate of $3.60 million.

Digital Ally Inc./NV Stock Down 2.0%

NASDAQ DGLY traded down $0.03 during trading hours on Thursday, hitting $1.48. The company’s stock had a trading volume of 19,392 shares, compared to its average volume of 237,246. Digital Ally Inc./NV has a 52 week low of $1.43 and a 52 week high of $1,960.00. The company has a market capitalization of $2.47 million, a PE ratio of 0.00 and a beta of 0.97. The company’s 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $5.35. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several brokerages recently weighed in on DGLY. Aegis raised shares of Digital Ally Inc./NV to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “sell (e)” rating on shares of Digital Ally Inc./NV in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Ally Inc./NV currently has an average rating of “Moderate Buy”.

Digital Ally Inc./NV Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.