Key Highlights:
- Digital Ally Inc. aims to meet Nasdaq's listing criteria by 2025 to avoid delisting.
- Analysts predict a potential upside of over 17,000% with a target price of $11.00.
- GF Value estimates a 3,403.18% increase in stock value from current prices.
Digital Ally's Future on Nasdaq
In a pivotal development for Digital Ally (DGLY, Financial), the Nasdaq Hearings Panel has conditionally approved the company's continued listing. This decision hinges on Digital Ally meeting specific benchmarks, including achieving a stockholders' equity of $2.5 million by May 2025 and maintaining a bid price of $1.00 by June 2025. Presently, the company's shares are trailing at $0.13, marking a steep decline of 73.9%.
Analyst Insights and Price Predictions
According to the projections from one analyst, Digital Ally Inc (DGLY, Financial) holds an intriguing potential for significant growth. The one-year price target is set at an ambitious $11.00, with no variance in the high and low estimates. This suggests a staggering potential upside of 17,415.92% from the current trading price of $0.06. Investors can explore further detailed estimates on the Digital Ally Inc (DGLY) Forecast page.
Brokerage Recommendations
Digital Ally Inc's (DGLY, Financial) current standing among brokerage firms is promising, with an average recommendation of 2.0, signifying an "Outperform" status. On a scale of 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell, this rating highlights significant confidence in the stock's potential for appreciation.
GF Value Estimation
Further strengthening the optimistic outlook, GuruFocus' one-year GF Value estimation for Digital Ally Inc (DGLY, Financial) is $2.20. This implies a remarkable upside of 3,403.18% from its current price of $0.0628. The GF Value is GuruFocus' calculated fair value, derived from historical trading multiples, past business growth, and anticipated future performance. For a deeper understanding, please visit the Digital Ally Inc (DGLY) Summary page.
