Digital Ally, Inc. (NASDAQ:DGLY)‘s stock had its “buy” rating restated by equities research analysts at Maxim Group in a research report issued to clients and investors on Tuesday. They currently have a $11.00 target price on the stock. Maxim Group’s price target would suggest a potential upside of 139.13% from the stock’s previous close.
The analysts wrote, “DGLY posted disappointing 4Q16 revenue and a steeper-than-expected loss per share as delays on awards and now-resolved production issues weighed on its results, in our view.””
DGLY has been the subject of a number of other reports. Westpark Capital reissued an “outperform” rating and issued a $9.00 price target on shares of Digital Ally in a report on Monday, January 30th. Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th.
Shares of Digital Ally (NASDAQ:DGLY) traded down 8.70% during trading on Tuesday, reaching $4.20. The company had a trading volume of 193,630 shares. Digital Ally has a 52 week low of $3.51 and a 52 week high of $7.23. The firm has a 50-day moving average of $4.53 and a 200 day moving average of $4.98. The firm’s market capitalization is $22.59 million.
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.