24/7 Market News Snapshot 05 May, 2025 – Digital Ally, Inc. Common Stock (NASDAQ:DGLY)

May 5, 2025

DENVER, Colo., 05 May, 2025 (www.247marketnews.com) – (NASDAQ:DGLY) are discussed in this article.
Digital Ally, Inc. (NASDAQ:DGLY), an innovator in video recording products and safety solutions for various industries, has announced a 1-for-20 reverse stock split of its common stock. This decision, sanctioned by the Board of Directors on April 10, 2025, follows approval from stockholders during the annual meeting on December 17, 2024. The reverse split is set to take effect on May 7, 2025, with trading on the Nasdaq Capital Market transitioning to a split-adjusted basis. As part of this restructuring, the Company will also change its CUSIP number to 25382T309.

This strategic maneuver aims to enhance the liquidity and market presence of Digital Ally’s shares, indicating a commitment to long-term growth and increased shareholder value. The decision arrives amid a fluctuating trading environment, as the company recently experienced a decline in its stock price, which opened at $0.043 before falling to $0.029, marking a decline of approximately 14.93%. The trading volume of 75.59 million shares suggests heightened interest, though the prevailing sentiment appears to be bearish.

Investors are advised to keep an eye on key support levels around $0.025 and resistance at $0.034, particularly in light of oversold conditions indicated by the stock’s relative strength index (RSI). For shareholders with physical stock certificates, further instructions on the exchange process will be provided by Securities Transfer Corporation, the Company’s transfer agent, while those holding shares in book-entry form or brokerage accounts will face no additional requirements.

Digital Ally remains dedicated to innovation within the video solution technology sphere and continues to focus on strategic partnerships that contribute to its growth. Stakeholders can stay updated via the Company’s website as Digital Ally positions itself for a promising future in a dynamic market landscape.

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