Is it time to Buy before this week’s earning report Digital Ally (NASDAQ:DGLY)

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Earnings results for Digital Ally (NASDAQ:DGLY)

Digital Ally, Inc. is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. The reported EPS for the same quarter last year was $-0.26.

Digital Ally last issued its quarterly earnings results on August 13th, 2020. The scientific and technical instruments company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The business earned $1.73 million during the quarter. Digital Ally has generated $0.00 earnings per share over the last year. Digital Ally has confirmed that its next quarterly earnings report will be published on Thursday, November 12th, 2020.

Analyst Opinion on Digital Ally (NASDAQ:DGLY)

1 Wall Street analysts have issued ratings and price targets for Digital Ally in the last 12 months. Their average twelve-month price target is $5.00, predicting that the stock has a possible upside of 108.33%. The high price target for DGLY is $5.00 and the low price target for DGLY is $5.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Digital Ally has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $5.00, Digital Ally has a forecasted upside of 108.3% from its current price of $2.40. Digital Ally has received no research coverage in the past 90 days.

Dividend Strength: Digital Ally (NASDAQ:DGLY)

Digital Ally does not currently pay a dividend. Digital Ally does not have a long track record of dividend growth.

Insiders buying/selling: Digital Ally (NASDAQ:DGLY)

In the past three months, Digital Ally insiders have not sold or bought any company stock. Only 10.80% of the stock of Digital Ally is held by insiders. Only 7.85% of the stock of Digital Ally is held by institutions.

Earnings and Valuation of Digital Ally (NASDAQ:DGLY

The P/E ratio of Digital Ally is -3.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Digital Ally is -3.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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