Digital Ally (DGLY) Posts Earnings Results, Misses Expectations By $0.40 EPS
Digital Ally (NASDAQ:DGLY) released its quarterly earnings results on Wednesday, November 14th. The scientific and technical instruments company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.40), Bloomberg Earnings reports. Digital Ally had a negative net margin of 123.96% and a negative return on equity of 3,415.79%. The business had revenue of $2.88 million during the quarter, compared to analysts’ expectations of $3.75 million.
Shares of NASDAQ DGLY traded up $0.02 during trading hours on Friday, reaching $2.80. 12,011 shares of the stock traded hands, compared to its average volume of 32,370. The stock has a market cap of $28.98 million, a price-to-earnings ratio of -1.87 and a beta of 3.09. Digital Ally has a 52-week low of $2.00 and a 52-week high of $4.95.
Several research firms have weighed in on DGLY. Westpark Capital reaffirmed a “buy” rating and issued a $5.00 price target on shares of Digital Ally in a report on Wednesday, September 19th. ValuEngine raised Digital Ally from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research raised Digital Ally from a “sell” rating to a “hold” rating in a report on Monday, August 13th.
About Digital Ally
Digital Ally, Inc produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.
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