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The latest announcement is out from Digital Ally ( (DGLY) ).
On May 22, 2025, Digital Ally, Inc. executed a one-for-one hundred reverse stock split of its common stock, effective at 5:30 p.m. Eastern Time. This adjustment, which was authorized by stockholders earlier in May, means that every one hundred shares of common stock were consolidated into one share. The stock will begin trading on a split-adjusted basis on Nasdaq starting May 23, 2025. The reverse stock split did not alter the total number of authorized shares, and fractional shares were rounded up to the nearest whole share. The company’s transfer agent, Securities Transfer Corporation, is managing the exchange process for stockholders.
Spark’s Take on DGLY Stock
According to Spark, TipRanks’ AI Analyst, DGLY is a Underperform.
Digital Ally faces significant challenges. Financial performance is weak, with declining revenues, persistent losses, and increasing debt. Technical analysis indicates a bearish trend with no immediate signs of reversal. Valuation metrics show negative profitability and lack of earnings, further reflecting market concerns. Without positive financial or technical indicators, the stock’s outlook remains bleak.
To see Spark’s full report on DGLY stock, click here.
More about Digital Ally
Average Trading Volume: 26,158,066
Technical Sentiment Signal: Sell
Current Market Cap: $4.25M
See more insights into DGLY stock on TipRanks’ Stock Analysis page.