Digital Ally (DGLY) Stock Slumps 50% From the Peak: Should You Buy?

Advanced video recording and critical safety products manufacturer Digital Ally Inc (NASDAQ: DGLY) had seen its stock soar back in January this year. After having its peak, the Digital Ally stock soon backtracked and since then it has lost as much as 50%.

While the fall in the stock has been nothing short of dramatic, investors might want to figure out if the fall might be a buying opportunity or not. Towards the end of March, the company made a major announcement that ought to be looked into.

Back on March 30, the company announced that it bagged a new contract from the Soddy Daisy Police Department that runs for several years. The order is for 21 EVO-HD in-car systems, 22 units of FirstVu HD body-worn cameras, and one interview room product. In addition to that, the police department is also going to have complete access to the cloud storage service on the EVO Web Portal.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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