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The latest announcement is out from Digital Ally ( (DGLY) ).
On May 6, 2025, Digital Ally, Inc. implemented a one-for-twenty reverse stock split of its common stock, which became effective at 5:30 p.m. Eastern Time. This move, approved by stockholders in December 2024, was aimed at adjusting the trading price of its stock, which began trading on a split-adjusted basis on May 7, 2025. The reverse stock split did not change the total number of authorized shares and proportionately affected all outstanding options and warrants. Additionally, on May 7, 2025, Digital Ally announced that the Nasdaq Hearings Panel granted the company’s request for continued listing on the Nasdaq Stock Market, contingent on meeting specific listing criteria by set deadlines. This decision is crucial for maintaining the company’s market presence and investor confidence.
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
Digital Ally, Inc., listed on NASDAQ under the ticker DGLY, operates in the video solution technology sector and also provides products related to human and animal health protection, healthcare revenue cycle management, ticket brokering, marketing, event production, and jet chartering. The company focuses on organizations that exhibit positive earnings, growth potential, innovation, and organizational synergies.
Average Trading Volume: 76,634,504
Technical Sentiment Signal: Sell
Current Market Cap: $3.01M
Learn more about DGLY stock on TipRanks’ Stock Analysis page.