Digital Ally Soars 8.19% Ahead of Earnings Call

Before the BellWednesday, May 28, 2025 4:19 am ET
1min read

On May 28, 2025, Digital Ally's stock surged by 8.19% in pre-market trading, indicating a strong bullish sentiment among investors.

Digital Ally's stock has been showing positive signals from both short and long-term moving averages, suggesting a favorable outlook for the company. This technical analysis supports the recent price surge, as investors are likely responding to the stock's upward momentum.

Additionally, Digital Ally has announced that it will discuss its first-quarter 2025 earnings on May 28, 2025, at 11:15 a.m. Eastern Time. This upcoming earnings call is expected to provide further insights into the company's financial performance and future prospects, which could influence investor sentiment and stock price movements.

Furthermore, Digital Ally has recently announced a reverse stock split, which is expected to take effect on the Nasdaq Stock Market. This corporate action aims to increase the stock's price per share, potentially attracting more institutional investors and enhancing liquidity.