Digital Ally Inc. (DGLY) Stock Rating Reaffirmed by Westpark Capital
Digital Ally Inc. (NASDAQ:DGLY)‘s stock had its “outperform” rating reaffirmed by research analysts at Westpark Capital in a report released on Sunday. They presently have a $9.00 target price on the stock. Westpark Capital’s price target would indicate a potential upside of 80.00% from the stock’s previous close.
A number of other research firms have also recently commented on DGLY. Zacks Investment Research upgraded Digital Ally from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Maxim Group assumed coverage on Digital Ally in a report on Thursday, August 18th. They set a “buy” rating and a $15.00 price target for the company.
Digital Ally (NASDAQ:DGLY) traded down 2.91% during midday trading on Friday, reaching $5.00. The company had a trading volume of 70,346 shares. The company’s market capitalization is $26.89 million. The stock’s 50 day moving average is $5.56 and its 200 day moving average is $5.09. Digital Ally has a one year low of $3.51 and a one year high of $9.00.
In other news, Director Elliot M. Kaplan sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $6.31, for a total transaction 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 filing with the SEC, which is available at this hyperlink. Insiders own 11.20% of the company’s stock.
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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