Digital Ally Inc (DGLY) has experienced a remarkable price increase of 24.63%, attributed primarily to a technical breakout. The stock has crossed above its 20-day simple moving average (SMA), a key indicator that often signals bullish momentum in the market.
This upward movement comes at a time when major market benchmarks are trading sideways, reflecting a lack of clear direction among investors. The broader market is currently down approximately 0.11%, indicating that DGLY's performance is driven more by its internal technical factors rather than external market influences.
As traders and investors closely monitor technical indicators, the crossing above the 20-day SMA may attract further interest in DGLY, potentially leading to additional gains in the near future. However, it is essential to remain cautious as the overall market sentiment remains mixed, and external factors could influence future price movements.
Wall Street analysts forecast DGLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DGLY is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast DGLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DGLY is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.615
Low
4.00
Averages
4.00
High
4.00
Current: 2.615
Low
4.00
Averages
4.00
High
4.00
No data
About DGLY
Digital Ally, Inc., through its subsidiaries, is engaged in video solution technology, healthcare revenue cycle management, ticket brokering and marketing and event production. The Company's segment includes Video Solutions, Revenue Cycle Management, and Entertainment. The Video Solutions Segment encompasses its law, commercial, and shield divisions. This segment includes both services and products through its subscription models offering cloud and warranty solutions, and hardware sales for video and health safety solutions. The Revenue Cycle Management Segment provides working capital and back-office services to a variety of healthcare organizations throughout the country. The Entertainment Segment acts as an intermediary between ticket buyers and sellers within its secondary ticketing platform, ticketsmarter.com, and it also acquires tickets from primary sellers to then sell through various platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
