Digital Ally Inc. (DGLY) Given a $9.00 Price Target by Westpark Capital Analysts
Digital Ally Inc. (NASDAQ:DGLY) has been given a $9.00 price objective by investment analysts at Westpark Capital in a research report issued to clients and investors on Friday. The brokerage presently has a a “buy” rating on the stock. Westpark Capital’s price target would indicate a potential upside of 60.71% from the stock’s current price.
DGLY has been the subject of a number of other research reports. Maxim Group assumed coverage on shares of Digital Ally in a research note on Thursday, August 18th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th.
Shares of Digital Ally (NASDAQ:DGLY) opened at 5.60 on Friday. The stock has a 50 day moving average of $5.63 and a 200 day moving average of $5.08. The firm’s market cap is $30.12 million. Digital Ally has a 1-year low of $3.51 and a 1-year high of $9.00.
In related news, Director Elliot M. Kaplan sold 5,000 shares of Digital Ally stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $6.31, for a total value of $31,550.00. Following the completion of the sale, the director now owns 54,361 shares in the company, valued at $343,017.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.20% of the stock is currently owned by corporate insiders.
About Digital Ally
Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.
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