24/7 Market News Snapshot 21 May, 2025 – Digital Ally, Inc. Common Stock (NASDAQ:DGLY)

May 21, 2025

DENVER, Colo., 21 May, 2025 (www.247marketnews.com) – (NASDAQ:DGLY) are discussed in this article.
Digital Ally, Inc. (DGLY) is currently trading at $0.034 in pre-market, reflecting a bearish trend with a decline of 6.11% from the previous close of $0.036. With a trading volume of 151.06 million shares, investor interest is notably heightened. This substantial decline may indicate increasing selling pressure or negative sentiment within the market. Key support and resistance levels are critical to monitor; potential support is noted around $0.030, which if tested, could trigger a rebound. Traders should closely observe volume changes, as significant fluctuations may foreshadow further price movements.

In a proactive effort to enhance shareholder value, Digital Ally has announced a 1-for-100 reverse stock split, effective May 23, 2025. The Board of Directors approved this strategic decision during a special stockholder meeting held on May 6, 2025, where significant support for the action was witnessed. This reverse stock split aims to increase the market price per share, which may attract a wider range of institutional investors and improve liquidity for the stock.

Following the split, the number of outstanding shares will drop from approximately 166.8 million to around 1.67 million, aligning the Company’s capital structuring with its competitive position in the market. The newly assigned CUSIP number for the post-split common stock will be 25382T408. Stockholders will receive detailed instructions from Securities Transfer Corporation regarding the exchange of stock certificates, while those holding shares in book-entry form or through brokerage accounts will see automatic adjustments.

As Digital Ally continues to innovate in the video recording products and safety solutions sector, it remains committed to maximizing shareholder return and adapting to the dynamic landscape of safety technology. Stakeholders are encouraged to stay informed through ongoing communications from the Company.

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