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Tag: DGLY

  • Digital Ally Inc. (DGLY) stock plunged in the after-hours trading session; here’s why

    Digital Ally Inc. (DGLY) stock plunged in the after-hours trading session; here’s why

    In the after-hours trading session, Digital Ally Inc. (DGLY) stock plunged by -14.95% to the price of $1.65 at the time of writing. DGLY previously closed Tuesday’s session with a gain of 7.78% to the price of $1.94. The DGLY stock volume traded was 19.81 million shares The average volume of trade for the past 3 months has been 6.4 million. In the past year DGLY stock has surged by 112.65%. In the past week, the shares also went up by 9.60%. For the past three and six months, the DGLY stock has lost -34.90%, and -13.00% respectively. Digital Ally (DGLY) is currently valued in the market at $101.79 million and consists of outstanding shares that total 51.52 million.

    Digital Ally provides surveillance products for security purposes

    Digital Ally Inc. Is an electronics products and services company that specifically focuses on creating and marketing video imaging that is digitalized and storage products for security purposes. The customers of Digital Ally include law enforcement, security firms, and private/individual users.

    The product offerings of the company include the use of digital and audio recording as well as storage for the recording. These recording devices can come in the form of a digital camera and mic which can be attached with the back view mirror for commercial and law enforcement purposes. It also includes surveillance recording devices which are body-worn cameras automatically activated, in-car footage and video, and multiple surveillance points. These type of devices are commercially available by names such as VuLink.

    The DGLY has a set of software like data management programs and cloud storage which allow management of the videos and telematics informations for the user (known as Digital Ally), for the monitoring and tracking of recordings they use FleetVu Manager and a digital cloud storage platform known as VuVault.net.

    Digital Ally receives multiple order of contracts for its products

    On 5th April 2021, Digital Ally announced that it has come into agreement with multiple contracts for a certain set of its products. These products include the in-car system that has built-in auto-activation technology and body-worn cameras along with a cloud for storage – all of this comes together in the EVO-HD suite system of the company.

    Police departments represent as one of the main clients of DGLY

    One of these orders includes the largest international deployment and installation of the EVO-HD system which is booked by the Royal Barbados Police Force. The RBPF will deploy the EVO-HD in-car systems in their fleet of police vehicles. The DGLY stock has previously received an international agency order in early 2020 that has been delayed ever since the pandemic took place, the Royal Barbados Police Force does not represent this order or agency.

    The rest of the orders contain a list of: EVO-HD car systems, FirstVu HD body-cams, Evo Web Portal and cloud storage ordered by Crestwood police department, Danville police department and other unnamed police department.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    The American stock market finished trading with a slight loss on January 26. By the end of the session, the S & P 500 index dropped by 0.15% to 3850 points. NASDAQ and Dow Jones were down 0.07%. The news background stayed mostly calm, so the market showed weak dynamics. The energy sector fell 2.12% despite stable oil prices. The real estate sector became the leader in growth with a result of + 1.14% thanks to the continued favorable macroeconomic conditions in the housing market.

    Company news

    President Biden plans to transfer American officials to American-made electric cars. Against this background, shares of Workhorse (WKHS: + 30.2%), Lordstown (RIDE: + 14%), Nikola (NKLA: + 23.6%) and others rose.

    Beyond Meat (BYND: + 17.7%) has partnered with PepsiCo (PEP: + 1.2%) to co-manufacture and market plant-based meat substitute products.

    Johnson & Johnson (JNJ: + 2.7%) quarterly report better than expected. The company also announced that the test results for its vaccine will be released in early February.

    There are various dynamics in the global stock markets today. Pfizer and Moderna have both agreed to sell the US government 100 million additional doses of vaccine. Considering this order, the total volume of purchases will amount to 600 million. Over 300 million people can be vaccinated against coronavirus with just that amount. The number of hospitalized with COVID-19 in the United States fell to 108 thousand, which is in line with mid-December levels. The morbidity trend on a daily basis is on the decline. This allows the states to slowly remove barriers, which support investor confidence.

    The companies’ quarterly results and market reactions to them are still mixed. However, Microsoft’s report was strong, so the tech sector has the potential to become a growth engine for the broader market today.

    Economic news

    December durable goods base order data will be released this Wednesday. After increasing by 0.4% a month earlier, the indicator is expected to grow by 0.5% against the value in November. Note that basic orders do not include vehicles (cars, airplanes, etc.), and it is this group of products that may show the weakest dynamics against the background of continuing problems with orders from Boeing.

    Technical picture

    Technical analysis suggests that there is an upward tendency in the medium term for the S&P 500. The broad market index reached a new all-time high yesterday, but met selling pressure and failed to gain a foothold above 3860 points. The upper border of the equidistant channel in the area of ​​3865-3870 points is still a serious resistance. After a short-term consolidation, the upward movement is likely to continue.

    Today Top Movers‎

    ‎Virgin Galactic Holdings Inc (SPCE) share price jumped 11.65% to $46.95 during the early morning ‎trading session on ‎Wednesday.‎‎ SPCE has found itself making more headlines recently as billionaire rocketman, Richard Branson, gets closer to achieving his dream of taking tourists to the stars.‎ ‎‎

    ‎Digital Ally Inc (DGLY) grew over 14.18% at $3.14 in pre-market trading ‎today.‎‎‎ ‎‎

    ‎Moderna Inc (MRNA) stock moved up 1.49 percent to $154.19 in the pre-market ‎trading after the firm provided a supply update for the Moderna COVID-19 Vaccine.‎‎ ‎‎

    ‎Romeo Power Inc (RMO) gained 9.52% and closed at $20.25 on ‎Tuesday ‎January 26, 2021.‎‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Dycom Industries Inc. (DY), upgrading the stock to “Overweight” and assigning a $104.0 price target, representing a potential downside of 18.3% from Tuesday’s close. 

    3M Company (MMM) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $205, suggesting 16.51% additional upside for the stock. 

    The Wendy’s Company (WEN) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $25. They changed their rating on WEN to Buy from Hold in a recently issued research note. 

    Earlier Wednesday KeyBanc reduced its rating on Visa Inc. (V) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for MasTec Inc. (MTZ) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded Mastercard Incorporated (MA)’s stock to Sector Weight from Overweight Wednesday.

    Latest Insider Activity

    United States Antimony Corporation (UAMY) 10% Owner Reed Kenneth M announced the sale of shares taking place on Jan 26 at $0.98 for some 540,275 shares. The total came to more than $0.53 million. 

    Sorrento Therapeutics Inc. (SRNE) Director Followwill Dorman sold on Dec 16 a total of 2,130 shares at $7.14 on average. The insider’s sale generated proceeds of almost $7135.0. 

    Harbor Custom Development Inc. (HCDI) Director SWETS LARRY G JR declared the purchase of shares taking place on Jan 15 at $3.00 for some 35,000 shares. The transaction amount was around $0.1 million. 

    Urban One Inc. (UONE) 10% Owner SEMLER ERIC bought on Jan 19 a total 2,221,197 shares at $4.15 on average. The purchase cost the insider an estimated $829,170.

    Important Earnings

    Top US earnings releases scheduled for today include Tesla Inc. (NASDAQ: TSLA). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.01 per share from revenues of $10.32B in the three-month period. 

    Analysts expect Facebook Inc. (NASDAQ: FB) to report a net income (adjusted) of $3.22 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.43B. 

    Apple Inc. (AAPL), due to announce earnings after the market closes today, is expected to report earnings of $1.41 per share from revenues of $103.28B recently concluded three-month period.

  • Digital Ally (NASDAQ: DGLY) Receives Orders For ThermoVu Temperature Screening Devices

    Digital Ally (NASDAQ: DGLY) Receives Orders For ThermoVu Temperature Screening Devices

    Shares of Digital Ally, Inc. (NASDAQ: DGLY) soared 47.64% after it revealed that it has received the sizable orders for ThermoVuTM Non-contact Temperature devices from Linn County. After giving the orders of 42 Temperature screening devices, Linn County will become the first city to position ThermoVuTM units country-wide.

    It has been disclosed that the city will place temperature screening devices in county offices, courthouses, senior centers, parks/marinas, schools, and various other populated public areas to detect temperatures in staff and visitors.

    The company has recently launched a non-contact temperature measuring device to detect temperature. This device measures temperature through the wrist and provides facility when temperature measurement exceeds default parameters.

    ThermoVu TM also has the feature of facial recognition and also has the ability to improve safety by restricting access based on temperature and/or facial recognition reasons. After checking the temperature this device also gives the pass/fail tone along with the result displayed on the screen.

    Shares of Digital Ally, Inc. (NASDAQ: DGLY) traded up 47.64% after gaining +0.91 during the trading session of Wednesday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $0.64 and a high range of $7.10. It has moved up 340.59% from its 52-weeks low and moved down -60.28% from its 52-weeks high. Looking at its profitability, it has return on assets and investment of -67.50% and -301.60%, respectively. This company market capitalization has remained high, hitting $76.06 million at the time of writing.

    Digital Ally, Inc. aimed to help the country’s in a difficult time and they are providing their tools to municipalities and citizens to fight against the COVID-19 pandemic. The ThermoVu TM devices are more versatile that can be used in many situations. The company revealed that it is the proud moment for the company as they partnered with Linn County to provide a safe environment for the citizen.