We consider Digital Ally dangerous.
Digital Ally secures Sharpe Ratio (or Efficiency) of 9.0E-4, which denotes the company had 9.0E-4% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific
technical indicators that cannot be
diversified away. We have found twenty-one
technical indicators for Digital Ally, which you can use to evaluate the future volatility of the firm. Please confirm Digital Ally
mean deviation of 2.05, and Coefficient Of Variation of
(29,954) to check if the risk estimate we provide is consistent with the expected return of 0.0024%.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Digital Ally income statement, its balance sheet, and the statement of cash flows. Potential Digital Ally investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Digital Ally investors may use each financial statement separately, they are all related. The changes in Digital Ally's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Digital Ally's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Digital Ally
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Digital Ally performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Digital Ally shares is the value that is considered the true value of the share. If
the intrinsic value of Digital is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Digital Ally. Please read more on our
fundamental analysis page.
How effective is Digital Ally in utilizing its assets?
Digital Ally reports assets on its Balance Sheet. It represents the amount of Digital resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Digital Ally aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Electronic Equipment, Instruments & Components space. To get a better handle on how balance sheet or income statements item affect Digital volatility, please check the breakdown of all its
fundamentals.
Are Digital Ally Earnings Expected to grow?
The
future earnings power of Digital Ally involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Digital Ally factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Digital Ally
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Digital
expected earnings.
Digital Ally Gross Profit
Digital Ally Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Digital Ally previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Digital Ally Gross Profit growth over the last 10 years. Please check Digital Ally's
gross profit and other
fundamental indicators for more details.
An Additional Perspective On Digital Ally
The entity reported the previous year's revenue of 12.44
M. Net Income was 24.09
M with profit before overhead, payroll, taxes, and interest of 4.06
M.
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Digital Ally has an asset utilization ratio of 52.99 percent. This suggests that the company is making $0.53 for each dollar of assets. An increasing asset utilization means that Digital Ally is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets | 18.94 Million | 85.15 |
| Assets Non Current | 2.8 Million | 12.6 |
| Goodwill | 447,454 | 2.01 |
| Tax Assets | 52,679.82 | 0.24 |
Breaking up Digital Ally current price slide
The total risk alpha is down to 0.17 as of today.
As of the 1st of April, Digital Ally shows the
mean deviation of 2.05, and Coefficient Of Variation of
(29,954). Digital Ally
technical analysis allows you to utilize
historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen
technical drivers for Digital Ally, which can be compared to its rivals. Please confirm
Digital Ally mean deviation,
information ratio, as well as the
relationship between the Information Ratio and
downside variance to decide if Digital Ally is priced favorably, providing market reflects its regular price of 1.09 per share. Given that Digital Ally is a hitting penny stock territory we advise to closely look at its
total risk alpha.
Our Takeaway on Digital Ally Investment
While some other entities in the security & protection services industry are either recovering or due for a correction, Digital Ally may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 1st of April 2022, our research shows that Digital Ally is a rather dangerous investment opportunity with a
close to average probability of distress in the next two years. From a slightly different view, the entity currently appears to be
fairly valued. Our ongoing 90 days buy-or-sell advice on the company is
Hold.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Digital Ally. Please refer to our
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