Digital Ally, known under its ticker DGLY, has been notified by Nasdaq that it is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule mandates that listed companies submit all required financial reports to the U.S. Securities and Exchange Commission in a timely manner. The notification was issued because Digital Ally's Annual Report on Form 10-K, for the year ending December 31, 2024, was filed late.
Despite this non-compliance notice, the listing of Digital Ally's securities on Nasdaq remains unaffected for the time being. The company has been given a deadline of April 30 to provide Nasdaq with a written explanation regarding their delayed filing. In response, Digital Ally is working to submit the necessary documents as soon as possible and aims to adhere to a regular filing schedule throughout 2025.
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 39,045.91% 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 7729.18% from the current price of $0.0281. 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.
