Digital Ally (DGLY, Financial) has revealed plans for a 1-for-20 reverse stock split of its common shares. This adjustment is expected to take effect on the Nasdaq Capital Market at the beginning of trading on May 7, 2025, with the stock adopting a new CUSIP number, 25382T309. Earlier, at the annual stockholders' meeting on December 17, 2024, shareholders gave the green light for an amendment to the company's Certificate of Incorporation. This approval permitted a reverse stock split within a range of 1-for-5 to 1-for-20, leaving the final decision to the company's Board of Directors. Subsequently, on April 10, 2025, the board settled on implementing the 1-for-20 ratio.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Digital Ally Inc (DGLY, Financial) is $11.00 with a high estimate of $11.00 and a low estimate of $11.00. The average target implies an upside of 32,735.82% from the current price of $0.03. More detailed estimate data can be found on the Digital Ally Inc (DGLY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Digital Ally Inc's (DGLY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Digital Ally Inc (DGLY, Financial) in one year is $2.20, suggesting a upside of 6467.16% from the current price of $0.0335. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Digital Ally Inc (DGLY) Summary page.
