At the close of Wednesday trade Digital Ally’s Stock NASDAQ: DGLY grew 1.82% to $1.68. Actively buying investors increased the demand for the stock making the daily volume reached 11,710,373 shares while the average daily volume is 2,400,753 shares.
Digital Ally not long ago unveiled Q1 2020 financial report which reveals decreased cost of revenue.
The first quarter ended in March 2020 financial results
Slightly grown by $6k Q1 revenue brought not much change but a dramatic double cut in the cost of revenue caused positive gross profit after a long time of waiting. Soon, next quarter may have soaring revenue due to protests going on in the U.S thus positive earnings most possibly appear in the report.