Digital Ally Stock (NASDAQ:DGLY), Trade Ideas

Digital Ally

Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer, and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school buses, taxicab, and military. The company sells its products directly to law enforcement agencies, security organizations, and consumer and commercial fleet operators both domestically and internationally through third-party distributors. Its segments include Video Solutions, Revenue Cycle Management, and Entertainment.

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	MultiMetaVerse Holdings Limited (NASDAQ: MMV) gained 236% to $3.1592 after the company announced it signed a non-binding term sheet to acquire an equity stake in Taomee group.


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Why Digital Ally Shares Are Soaring Today

Digital Ally Inc

<p><i>Agreement will deploy Digital Ally's next generation FirstVu PRO body cameras and QuickVu 24-bay docking stations for GEHA Field at Arrowhead Stadium security</i></p>
<p><strong>Lenexa, Kansas, April 08, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ:</strong><a href="https://www.benzinga.com/stock/DGLY#NASDAQ"><strong>DGLY</strong></a><strong>) (the "Company")</strong>, a leading provider of video solutions which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security, today announced the signing of a multi-year agreement with the Super Bowl Champion Kansas City Chiefs. The deployment includes 120 FirstVu PRO body cameras, two QuickVu 24-bay docking stations, as well as the utilization of Digital Ally's EVO Web cloud platform.</p>
<p>Arrowhead Stadium, renowned for its passionate fan base and top-tier events, recognizes the paramount importance of maintaining a secure environment for all individuals on its premises. The continued partnership with Digital Ally underscores the commitment to employing cutting-edge technology to safeguard and enhance the safety and security of stadium staff and attendees during various events hosted at the facility.</p>
<p>"We recognize the value of deploying Digital Ally's FirstVu PRO body cameras as part of our commitment to creating a safe and positive experience to our fans at GEHA Field at Arrowhead Stadium," said Colby Harrison, Director of Safety and Event Security for the Kansas City Chiefs, adding, "We continue to be pleased with the innovation and dependability of Digital Ally's products and services and are pleased to continue our relationship."</p>
<p>"We are extremely proud of our long-standing relationship with the Kansas City Chiefs and GEHA Field at Arrowhead Stadium to provide advanced security solutions that prioritize the safety of staff and fans alike," said Brody Green, President of Digital Ally, adding, "This relationship is further evidence that this technology is not limited to law enforcement applications, but for all organizations and venues committed to optimal safety, security and constituent experiences."</p>
<p>FirstVu PRO features include:</p>
<ul>
<li><strong>Live GPS Tracking: </strong>With cellular connectivity the FirstVu PRO can be tracked in near real time from the EVO Web cloud platform.</li>
<li><strong>Remote Activation: </strong>From the EVO Web cloud platform administrators can remotely activate recordings.</li>
<li><strong>Full-Color Touchscreen</strong>: A large 2.4" capacitive touchscreen display allows for easy review of evidence from the device in the field.</li>
<li><strong>Full HD Audio &amp; Video</strong>: Capture clear, full HD 1080p video. Record better evidence with advanced image sensors, improved low-light performance, reduced motion blur and audio noise reduction technology. Also equipped with IR LEDS, the body camera can identify subjects up to 5 meters away in complete darkness.</li>
<li><strong>Rugged &amp; Reliable</strong>: IP67 rated against dust &amp; wind and water submersible for 30 minutes. MIL-STD-810G compliant capable of handling drops, shocks and vibrations.<br /><br />&nbsp;</li>
</ul>
<p>As part of Digital Ally's complete ecosystem of video solution products, the FirstVu PRO is compatible with the recently released QuickVu docking station. Digital Ally's QuickVu system provides a comprehensive and elegant solution for charging, reviewing and offloading video evidence to the cloud. All evidence captured by the FirstVu PRO body camera is hosted in the Company's <a href="https://www.globenewswire.com/Tracker?data=CC9uA0mJwKYDRhfi5u2bAxqZEEDdMJvRYVCdlqJdlhqujfbFXDPoOlo6iIhhNXHWI-PdWtmyTeCUCsD98bUoJQ==">EVO Web</a> cloud platform.</p>
<p>The FirstVu PRO was launched during the first quarter of 2022 and has enjoyed strong demand through Digital Ally's flexible subscription payment plan. With both 3 and 5-year subscription options available, well over 200 subscription agreements are in place since being introduced in early 2020.</p>


Digital Ally Announces Multi-Year Agreement With The Kansas City Chiefs; Deployment Includes 120 FirstVu PRO Body Cameras, Two QuickVu 24-Bay Docking Stations  For GEHA Field At Arrowhead Stadium Security

<p>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) reported quarterly losses of $(2.67) per share. This is a 43.19 percent increase over losses of $(4.70) per share from the same period last year.  The company reported $5.93 million in sales this quarter. This is a 33.18 percent decrease over sales of $8.88 million the same period last year.</p>


Earnings

Digital Ally Q4 EPS $(2.67) Up From $(4.70) YoY, Sales $5.93M Down From $8.88M YoY

<p>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) reported quarterly losses of $(9.22) per share which missed the analyst consensus estimate of $(8.76) by 5.25 percent.  The company reported quarterly sales of $28.248 million which missed the analyst consensus estimate of $30.750 million by 8.14 percent.</p>


Earnings Misses

Digital Ally FY 2023 GAAP EPS $(9.22) Misses $(8.76) Estimate, Sales $28.248M Miss $30.750M Estimate

<p><a href="https://patentcenter.uspto.gov/applications/18076960/ifw/docs">https://patentcenter.uspto.gov/applications/18076960/ifw/docs</a></p>
<p><figure class="image"><img src="https://pbs.twimg.com/media/GIe8R9raEAAcZ5H?format=jpg&amp;name=small" alt="Image" /></figure><figure class="image"><img src="https://pbs.twimg.com/media/GIe8R9wbkAEjSxW?format=jpg&amp;name=900x900" alt="Image" /></figure></p>


Digital Ally Has Received A Notice Of Allowance For Its U.S. Patent Application 18/076,960 Titled "Breath Analyzer, System, And Computer Program For Authenticating, Preserving, And Presenting Breath Analysis Data".

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Shares of companies in the broader tech and software sector are trading higher amid overall market strength and ongoing AI momentum.

Contracts

Digital Ally Announces Order For 405 EVO Fleets By The Parking Spot

<p><i>Growing entertainment company adds historic and impactful festival, as it gains momentum leading into 2024 festival season</i></p>


Digital Ally Subsidiary, Kustom Entertainment, Acquires Country Stampede Music Festival; Terms Not Disclosed

<h3>Gainers</h3>
<ul>
<li><strong>Cyngn</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock moved upwards by 25.8% to $0.23 during Thursday's pre-market session. The market value of their outstanding shares is at $12.2 million. </li>
<li><strong>Castellum</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares moved upwards by 15.43% to $0.38. The market value of their outstanding shares is at $18.1 million. </li>
<li><strong>Digital Ally</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares moved upwards by 11.89% to $2.07. The market value of their outstanding shares is at $5.7 million. </li>
<li><strong>COMSovereign Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares moved upwards by 11.42% to $0.78. The company's market cap stands at $2.1 million. </li>
<li><strong>BTCS</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) shares increased by 9.62% to $1.48. The market value of their outstanding shares is at $21.2 million. </li>
<li><strong>Dave</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) shares rose 8.74% to $19.14. The company's market cap stands at $230.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Akoustis Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares fell 30.1% to $0.49 during Thursday's pre-market session. The market value of their outstanding shares is at $35.6 million. </li>
<li><strong>CompoSecure</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) shares fell 8.91% to $5.01. The market value of their outstanding shares is at $96.9 million. </li>
<li><strong>Phunware</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock declined by 8.07% to $0.32. The company's market cap stands at $107.0 million. </li>
<li><strong>LG Display Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) shares decreased by 7.01% to $4.78. The market value of their outstanding shares is at $3.6 billion. The company's, Q4 earnings came out yesterday. </li>
<li><strong>FOXO Technologies</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares decreased by 6.14% to $0.28. The company's market cap stands at $2.4 million. As per the press release, Q3 earnings came out 4 days ago. </li>
<li><strong>Infobird Co</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares decreased by 5.18% to $0.5. The market value of their outstanding shares is at $3.7 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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<h3>Gainers</h3>
<ul>
<li><strong>Digital Ally</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock moved upwards by 13.7% to $2.08 during Wednesday's after-market session. The company's market cap stands at $5.8 million. </li>
<li><strong>Roadzen</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) shares rose 13.02% to $5.9. The company's market cap stands at $403.8 million. </li>
<li><strong>SPI Energy</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) shares moved upwards by 4.99% to $0.67. The market value of their outstanding shares is at $21.1 million. </li>
<li><strong>IBM</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) shares moved upwards by 4.87% to $182.41. The company's market cap stands at $166.5 billion. As per the press release, Q4 earnings came out today. </li>
<li><strong>Soluna Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock increased by 4.87% to $3.23. The market value of their outstanding shares is at $5.1 million. </li>
<li><strong>Addvantage Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEY#NASDAQ">AEY</a>) stock increased by 4.49% to $2.79. The company's market cap stands at $4.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>COMSovereign Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares fell 7.6% to $0.66 during Wednesday's after-market session. The company's market cap stands at $1.7 million. </li>
<li><strong>Powerbridge Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock fell 4.77% to $1.0. The company's market cap stands at $4.6 million. </li>
<li><strong>Airspan Networks Hldgs</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MIMO#AMEX">MIMO</a>) shares decreased by 3.47% to $0.18. The company's market cap stands at $13.1 million. </li>
<li><strong>Taoping</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) shares decreased by 3.45% to $1.12. The company's market cap stands at $2.2 million. </li>
<li><strong>FOXO Technologies</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares decreased by 3.27% to $0.29. The market value of their outstanding shares is at $2.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li><strong>WISeKey Intl Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) shares declined by 3.19% to $2.13. The company's market cap stands at $20.6 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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<p><i>Order from Kansas State University placed through the Company's subscription payment plan as strong demand continues for FirstVu Pro body-worn cameras</i></p>
<p><strong>Lenexa, KS , Jan. 24, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ:</strong><a href="https://www.benzinga.com/stock/DGLY#NASDAQ"><strong>DGLY</strong></a><strong>) (the "Company")</strong>, which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security, today announced a notable order for multiple FirstVu Pro body-worn cameras, EVO-HD in-car systems and QuickVu docking station to be deployed campus-wide by Kansas State University in Manhattan, Kansas.</p>
<p>This order, along with a recent deployment by the University of Kansas, reflects the versatility of utilizing Digital Ally's video solutions technology outside of traditional law enforcement applications, and the growing demand from university officials as they increasingly focus on campus security.</p>
<p>"We've been a customer of Digital Ally for many years," said Ronnie Grice, Chief of Kansas State University's Division of Public Safety, adding "We continue to trust Digital Ally's innovative technology, dependability and service levels as we strive to enhance the safety and overall experience of students, faculty, staff and visitors."</p>
<p>"We're proud to partner with Chief Grice in his division's efforts to optimize safety and security on Kansas State University's campus," said Brody Green, President of Digital Ally, adding, "We appreciate the university's long-time commitment to Digital Ally as we partner in keeping our communities safe."</p>
<p>The order comes on the heels of the Company announcing several notable law enforcement orders and patents, as well as the addition of its InterVu Room solution. Digital Ally continues to demonstrate its commitment to innovation and a world-class video solutions ecosystem with the FirstVu Pro body-worn camera, EVO-HD in-car system, InterVu Room system, EVO Web and QuickVu docking stations.</p>


Digital Ally Announces University Security Order; Order From Kansas State University Placed Through The Company's Subscription Payment Plan As Strong Demand Continues For FirstVu Pro Body-Worn Cameras

<h3>Gainers</h3>
<ul>
<li><strong>Airspan Networks Hldgs</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MIMO#AMEX">MIMO</a>) stock increased by 401.9% to $0.39 during Wednesday's regular session. The company's market cap stands at $28.8 million. </li>
<li><strong>Syntec Optics Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) stock moved upwards by 35.46% to $5.5. The market value of their outstanding shares is at $201.7 million. </li>
<li><strong>Alpha Technology Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock moved upwards by 13.76% to $13.55. The company's market cap stands at $206.8 million. </li>
<li><strong>Impinj</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) stock moved upwards by 8.6% to $88.78. The company's market cap stands at $2.4 billion. </li>
<li><strong>Digital Ally</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares increased by 8.08% to $2.14. The company's market cap stands at $5.9 million. </li>
<li><strong>HeartCore Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares increased by 7.42% to $0.58. The market value of their outstanding shares is at $12.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Phunware</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares declined by 55.7% to $0.19 during Wednesday's regular session. The company's market cap stands at $33.2 million. </li>
<li><strong>DatChat</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock declined by 42.3% to $1.83. The company's market cap stands at $3.8 million. </li>
<li><strong>Remark Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARK#NASDAQ">MARK</a>) shares declined by 32.17% to $0.46. The market value of their outstanding shares is at $9.6 million. </li>
<li><strong>Cemtrex</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETXP#NASDAQ">CETXP</a>) stock decreased by 18.96% to $0.77. </li>
<li><strong>AEye</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares fell 17.68% to $1.5. The company's market cap stands at $9.3 million. </li>
<li><strong>SEALSQ</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock fell 15.38% to $2.2. The market value of their outstanding shares is at $19.8 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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<p><i>The Company's subscription payment plan continues to see strong demand for its FirstVu Pro body-worn cameras and EVO-HD in-car video solution.</i></p>
<p><strong>LENEXA, KS, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ:</strong><a href="https://www.benzinga.com/stock/DGLY#NASDAQ"><strong>DGLY</strong></a><strong>) (the "Company")</strong>, which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security, today announced a notable milestone with its deferred revenue balance exceeding $10 million for the first time in the Company's history.</p>
<p>The Company's switch to a subscription program model in mid-2020 has proven to be a great success and widely accepted in the industry as adequate funding for many municipalities can be a rigorous and slow process. The subscription model minimizes their upfront capital expenditure and allows flexibility for the customer based on their current financial situation, without having to sacrifice their urgency for video evidence technology.</p>
<p>"We're proud to announce another great milestone for the Company, as we continue to build momentum throughout the marketplace and compile a robust customer base taking advantage of our subscription model. Surpassing $10 million is a great feat for the Company, with nearly 300 customers currently utilizing our subscription plans throughout the country," said Brody Green, President of Digital Ally, adding, "By no means does this satisfy our management team, as we fully expect these numbers to continue to grow alongside our market share within this industry and others. We are excited about the forward progress being made, and this milestone shows the potential and future growth the Company will have as it becomes disciplined and attentive moving forward."</p>
<p>The milestone comes on the heels of the Company's recent filing of the S-4/A Registration Statement Amendment with the U.S. Securities and Exchange Commission, the announcement of several notable law enforcement orders and patents, as well as the addition of its InterVu Room solution. Digital Ally continues to demonstrate its commitment to innovation and a world-class video solutions ecosystem with the FirstVu Pro body-worn camera, EVO-HD in-car system, InterVu Room system, EVO Web and QuickVu docking stations.</p>


Guidance

Digital Ally Announces Deferred Revenue Surpasses $10M Mark; Subscription Payment Plan Continues To See Strong Demand For Its FirstVu Pro Body-Worn Cameras And EVO-HD In-Car Video Solution

<h3>Gainers</h3>
<ul>
<li><strong>Phunware</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock rose 5.6% to $0.08 during Wednesday's after-market session. The company's market cap stands at $13.5 million. </li>
<li><strong>Digital Ally</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares rose 3.95% to $1.84. The company's market cap stands at $5.1 million. </li>
<li><strong>Akoustis Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) stock rose 3.84% to $0.65. The market value of their outstanding shares is at $47.0 million. </li>
<li><strong>Ascent Solar Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock moved upwards by 3.77% to $0.85. The company's market cap stands at $2.8 million. </li>
<li><strong>EMCORE</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares increased by 3.43% to $0.43. The market value of their outstanding shares is at $32.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>Castellum</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) stock moved upwards by 3.41% to $0.22. The market value of their outstanding shares is at $10.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Amtech Systems</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) stock declined by 30.7% to $4.15 during Wednesday's after-market session. The company's market cap stands at $58.7 million. As per the news, the Q4 earnings report came out today. </li>
<li><strong>Cepton</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) shares decreased by 21.8% to $3.23. The market value of their outstanding shares is at $51.1 million. </li>
<li><strong>Diebold Nixdorf</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>) shares decreased by 20.21% to $22.0. The market value of their outstanding shares is at $826.4 million. </li>
<li><strong>Saverone 2014</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock decreased by 15.85% to $0.57. The company's market cap stands at $3.4 million. </li>
<li><strong>Adobe</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) stock decreased by 5.75% to $588.4. The company's market cap stands at $267.8 billion. As per the press release, Q4 earnings came out today. </li>
<li><strong>Canaan</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock declined by 5.35% to $1.24. The market value of their outstanding shares is at $212.0 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ADBE

ASTI

ASYS

CPTN

EMKR

SVRE

<h3>Gainers</h3>
<ul>
<li><strong>Blend Labs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) stock increased by 9.1% to $1.91 during Tuesday's after-market session. The market value of their outstanding shares is at $474.0 million. </li>
<li><strong>Red Cat Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock rose 9.07% to $0.6. The company's market cap stands at $43.0 million. </li>
<li><strong>Wrap Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) stock rose 4.95% to $2.33. The company's market cap stands at $103.0 million. </li>
<li><strong>Inuvo</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares moved upwards by 3.32% to $0.34. The company's market cap stands at $47.2 million. </li>
<li><strong>Sobr Safe</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock rose 2.91% to $0.53. The market value of their outstanding shares is at $9.8 million. </li>
<li><strong>ReAlpha Tech Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares moved upwards by 2.66% to $2.31. The market value of their outstanding shares is at $101.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Saverone 2014</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares fell 9.2% to $0.62 during Tuesday's after-market session. The market value of their outstanding shares is at $3.7 million. </li>
<li><strong>Presto Automation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares decreased by 5.01% to $0.6. The company's market cap stands at $40.4 million. </li>
<li><strong>Digital Ally</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares declined by 4.33% to $1.77. The market value of their outstanding shares is at $4.9 million. </li>
<li><strong>inTest</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) stock decreased by 4.22% to $11.36. The company's market cap stands at $138.1 million. </li>
<li><strong>LightPath Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPTH#NASDAQ">LPTH</a>) stock declined by 3.63% to $1.33. The market value of their outstanding shares is at $49.8 million. </li>
<li><strong>Powerbridge Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock decreased by 3.51% to $1.1. The company's market cap stands at $5.1 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


BLND

INTT

INUV

LPTH

PRST

RCAT

SOBR

12 Information Technology Stocks Moving In Tuesday's After-Market Session

<p>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) ("Digital Ally") and Clover Leaf Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOE#NASDAQ">CLOE</a>) ("CLOE"), a publicly traded special purpose acquisition company (SPAC), and Kustom Entertainment, Inc. ("Kustom Entertainment"), a wholly-owned subsidiary of Digital Ally, today announced that CLOE and Kustom Entertainment have entered into an amendment to the Lock-Up Agreement ("Amended Lock-Up Agreement") in connection with the proposed business combination (the "Business Combination") between CLOE and Kustom Entertainment announced June 2, 2023.<br /><br />&nbsp;</p>
<p>The original Lock-Up Agreement ("Original Lock-Up Agreement") was made and entered into as of June 1, 2023 in connection with the proposed Business Combination, in which Digital Ally, would immediately distribute 15% of all securities received as merger consideration in the merger at the closing. Under the Amended Lock-Up Agreement entered into December 11, 2023, Digital Ally will now immediately distribute 20% of all securities received as merger consideration in the Business Combination at the closing, with 80% being subject to the 6-month lock-up period.</p>
<p>"We are excited to announce this recent Amendment that will provide our shareholders with an even greater immediate distribution at the closing of this merger. As we continue to work to create a new publicly traded company in the live entertainment industry, we continue to focus on our shareholders and providing them with the best value," said Stan Ross, current CEO of Digital Ally and future CEO of Kustom Entertainment. "Executing the Amended Lock-Up Agreement increases the immediate distribution to shareholders from 15% to 20% of all securities received as merger consideration at closing, which provides a greater immediate value for our shareholders. We continue to be excited about the completion of this transaction, and moved one step closer with the filing of our S-4/A last week with the SEC. We will continue to keep our shareholders informed throughout this process, and continue to strive towards maximizing their shareholder value."</p>
<p>This Amended Lock-Up Agreement follows the recent filing of the S-4/A Registration Statement Amendment with the U.S. Securities and Exchange Commission, indicating continued progress toward the previously announced merger with CLOE.</p>
<p>The combined company will be known as Kustom Entertainment and will operate under the same management team as Kustom Entertainment, which is currently led by Stanton E. Ross, the current CEO of Digital Ally. The transaction contemplates an equity value of $125 million for Kustom Entertainment. The combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million, with the proposed business combination expected to provide approximately $14 million in gross proceeds from the cash held in trust by CLOE, assuming no redemptions. Additionally, Digital Ally will now distribute to its shareholders 20% of the shares obtained in Kustom Entertainment immediately following the closing of the merger and intends to distribute the balance of such shares following a six-month lock-up period.</p>
<p>Kustom Entertainment is comprised of TicketSmarter, Inc. ("TicketSmarter") and Kustom 440, Inc. ("Kustom 440"), both currently wholly owned subsidiaries. Both TicketSmarter and Kustom 440 will combine their management teams and focus on concerts, entertainment and garnering additional ticketing partnerships in 2023 and beyond. Kustom 440 and TicketSmarter will use their existing sponsorships and sports property partnerships to develop alternative entertainment options for consumers.</p>


Management

Kustom Entertainment Inc. And Clover Leaf Capital Corp. Amend The Lock-Up Agreement In Their Proposed Business Combination

<p>The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.</p>
<p>Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3><strong>Quantum Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qmco#NASDAQ">QMCO</a>)</h3>
<ul>
<li>On Nov. 17, Quantum announced notification from Nasdaq related to delayed form 10-Q filing. The company&rsquo;s stock fell around 7% over the past five days and has a <a href="https://www.benzinga.com/quote/QMCO"><em>52-week low of $0.2770 </em></a>.</li>
<li><strong>RSI Value:</strong> 29.91</li>
<li><strong>QMCO Price Action: </strong> Shares of Quantum fell 3.4% to close at $0.28 on Monday.</li>
</ul>
<h3><strong>Roadzen, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdzn#NASDAQ">RDZN</a>)</h3>
<ul>
<li>Roadzen, last week, inked a pact with HCLTech to deliver AI-driven auto insurance solutions for US carriers and automotive customers. The company&rsquo;s stock fell more than 27% over the past five days. It <a href="https://www.benzinga.com/quote/RDZN"><em> has a 52-week low </em></a> of $3.51.</li>
<li><strong>RSI Value:</strong> 25.04</li>
<li><strong>RDZN Price Action: </strong> Shares of Roadzen fell 28.7% to close at $3.51 on Monday.</li>
</ul>
<h3><strong>Nokia Oyj </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>)</h3>
<ul>
<li>On Oct. 19, Nokia reported worse-than-expected third-quarter financial results. The company&rsquo;s stock fell more than 10% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/NOK"><em> low of $3.05.</em></a></li>
<li><strong>RSI Value:</strong> 15.38</li>
<li><strong>NOK Price Action: </strong> Shares of Nokia fell 9.5% to close at $3.16 on Monday.</li>
</ul>
<h3><strong>Digital Ally, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dgly#NASDAQ">DGLY</a>)</h3>
<ul>
<li>On Nov. 15, Digital Ally posted downbeat quarterly sales results. Stanton E. Ross, Chief Executive Officer of Digital Ally, stated, &ldquo;We are very pleased to report over $6.3 million in quarterly revenues for the third quarter of 2023, along with greatly improved gross profits compared to the third quarter of 2022.&rdquo; The company&rsquo;s shares lost around 33% over the past month. The company&rsquo;s 52-week low is $1.79.</li>
<li><strong>RSI Value:</strong> 22.36</li>
<li><strong>DGLY Price Action: </strong> Shares of Digital Ally fell 3.8% to close at $1.79 on Monday.</li>
</ul>
<h3><strong>reAlpha Tech Corp. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>)</h3>
<ul>
<li>On Nov. 21, reAlpha announced pricing of $8 million public offering of 1.6 million units at $5 per unit. The company&rsquo;s shares fell around 62% over the past month. The company <a href="https://www.benzinga.com/quote/AIRE"><em> has a 52-week low </em></a> of $3.02.</li>
<li><strong>RSI Value:</strong> 2.75</li>
<li><strong>AIRE Price Action: </strong> Shares of reAlpha Tech gained 1.8% to close at $3.46 on Monday.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/23/12/36085034/investor-sentiment-improves-further-fear-greed-index-remains-in-greed-zone"><em> Investor Sentiment Improves Further; Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone </em></a></p>


<p>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) reported quarterly losses of $(1.32) per share which beat the analyst consensus estimate of $(2.24) by 41.07 percent. This is a 65 percent decrease over losses of $(0.80) per share from the same period last year.  The company reported quarterly sales of $6.34 million which missed the analyst consensus estimate of $8.65 million by 26.74 percent.  This is a 25.31 percent decrease over sales of $8.48 million the same period last year.</p>


Digital Ally Q3 EPS $(1.32) Beats $(2.24) Estimate, Sales $6.34M Miss $8.65M Estimate

Legal

U.S. Supreme Court Appears Sympathetic Toward Biden Administration's Defense Of Federal Domestic Violence-Related Firearms Ban

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OPRA, PODC among major communication services gainers; IHRT, AREN among losers

CPOP, LEE among major communication services gainers; DRCT, CDLX among losers

Digital Ally Inc (DGLY) stock is up 6.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Digital Ally Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DGLY!See Full DGLY ReportWhat is Stock Sentiment?Sentiment is a very short

How Will the Market React to Digital Ally Inc (DGLY) Stock Getting a Bullish Rating

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny growth stocks</a> are all the rage for investors seeking explosive returns. With the market cycle potentially shifting and the Federal Reserve poised to <a href="https://www.reuters.com/markets/rates-bonds/feds-rate-cut-confidence-likely-shaken-not-yet-broken-by-inflation-2024-03-20/">cut interest rates up to three times this year,</a> now could be an opportune time to grab some neglected penny stocks before they take off.</p>



<p>While recessions have historically occurred more frequently in post-election years, I&rsquo;m optimistic we can avoid an economic downturn in the near term given the continued labor market strength. Even if a recession were to arise, many penny stocks already trade at depressed levels, so the remaining upside outweighs the downside risks.</p>



<p>In other words, the stars are aligning for massive penny growth stock breakouts. I&rsquo;ve uncovered seven relatively unknown penny <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> that can deliver multibagger returns. Each trades around $5 or less per share but exhibits early signs of a huge move higher. Let&rsquo;s take a look at the penny growth stocks!</p>



<h2>Penny Growth Stocks: Navitas Semiconductor (NVTS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor-stocks-0509-300x169.jpg" alt="a close up image of a semiconductor. 5X Semiconductor Stocks"><div>Source: Shutterstock</div></div><p><a href="https://investorplace.com/industries/technology/semiconductor/">Semiconductor stocks</a> have been the high flyers over the past year, handsomely outperforming the broader market. The group has been driven largely by <strong>Nvidia&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>) success, but the sunny outlook remains intact for the overall semiconductor industry. <strong>Navitas Semiconductor</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvts-stock-quote/"><strong>NVTS</strong></a></span>) is in the gallium nitride (GaN) integrated circuits business.</p>



<p>As the industry leader in GaN, Navitas packs drive, control and protection into a single easy-to-use integrated circuit. These GaNFast ICs deliver <a href="https://navitassemi.com/high-reliability-high-performance-fast-charging-using-ganfast-power-ics/">up to 100x faster switching speeds</a> while cutting energy consumption by 40%. However, Navita&rsquo;s stock has struggled to gain altitude. Shares have whipsawed between $3.50 and $10.50. Plus, a recent decline has dragged the stock under the $5 threshold to a penny level of $4.4 as I write this &mdash; nearing the $3.50 floor. I view this as an opportune entry point before a recovery takes hold, supported by strong core financials. The risks are there, but hey, you can&rsquo;t have a multibagger candidate and safety at the same time!</p>



<p>Navitas <a href="https://www.google.com/finance/quote/NVTS:NASDAQ">grew Q4 revenue</a> an impressive 111% to $26 million, surpassing estimates by over 2%. The glaring concern is losses, as the company lost $32.6 million in the quarter for a dismal -125% net margin. So, why do I remain bullish? Primarily because of the company&rsquo;s robust $153 million cash position and negligible debt, which provides it with ample funding to bridge the gap to profitability. <a href="https://seekingalpha.com/symbol/NVTS/earnings/estimates">Analysts forecast profits in 2026,</a> expanding substantially by 2027 to produce a modest P/(2027)E ratio of just 9x. Meanwhile, sales are expected to triple from $113 million in 2024 to $450 million in 2027. Given such tremendous growth prospects, I see Navitas trading at a highly undervalued level.</p>



<h2>Taseko Mines (TGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/copper-1600-300x169.png" alt="Copper ingots in a stack on a white background. Copper stocks."><div>Source: ppart / Shutterstock</div></div><p><strong>Taseko Mines</strong> (NYSEMKT:<span><a href="https://investorplace.com/stock-quotes/tgb-stock-quote/"><strong>TGB</strong></a></span>) is a Canada-based copper miner seeing its fortunes rise on the back of strong commodity prices. The company generated revenue of <a href="https://www.google.com/finance/quote/TGB:NYSEAMERICAN">CAD 525 million in 2023,</a> a 34% increase versus the prior year, thanks to expanded copper output and a step-up in Taseko&rsquo;s stake in the Gibraltar Mine to 87.5%. Net income rang in at CAD 83 million (CAD 0.29 per share), while adjusted net earnings were CAD 44 million (CAD 0.15 per share).</p>



<p>Beyond operating Gibraltar, Taseko is advancing the Florence Copper Project, a major copper asset in Arizona. With copper prices holding near $4, relatively high levels compared to the sub-$2.50 pricing before the pandemic, the commodity outlook remains upbeat. I believe copper will stay lofty over the long haul.</p>



<p>Taseko is forecasted to generate (forecasts are in USD) <a href="https://seekingalpha.com/symbol/TGB/earnings/estimates">9 cents in EPS for all of 2024,</a> with EPS potentially approaching 40 cents by 2026. Over the same period, revenue could climb from $388 million to $617 million. At current share prices, you&rsquo;re paying a bargain 5x 2026 EPS multiple. While not without risks, I believe the risk-reward ratio tilts favorably for Taseko to potentially deliver robust returns.</p>



<h2>Penny Growth Stocks: Digital Ally (DGLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/computers1600b-300x169.jpg" alt="hands typing on a computer keyboard under a computer screen"><div>Source: Shutterstock</div></div><p><strong>Digital Ally</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dgly-stock-quote/"><strong>DGLY</strong></a></span>) produces and sells an array of digital imaging, storage and disinfectant devices. Its products are mostly used in law enforcement and security settings. The company is comprised of three divisions: Video Solutions, Revenue Cycle Management and Entertainment. It&rsquo;s quite the revenue mix for a penny stock player, with a small market cap of just $7.1 million.</p>



<p>Financial results have deteriorated lately, evidenced by the pullback in Digital Ally&rsquo;s stock price. Volatility and losses are very normal for microcap names like this. Regardless, I&rsquo;m more interested in the company&rsquo;s video offerings for police departments like, body and dash cams. With the right product and sales strategy, these niche devices could gain broader adoption among law enforcement agencies, especially as AI features are incorporated.</p>



<p>Admittedly, Digital Ally ranks as the most speculative name on this list. Forecasts are challenging to pin down, given the small stature of the company. While losses are expected for at least the next two years, I&rsquo;m mostly focused on the potential for new contract wins that could propel the stock higher. The upside appears worth the risk at current prices. The sole Wall Street analyst rating puts the <a href="https://edition.cnn.com/markets/stocks/DGLY">one-year upside potential at 301%.</a></p>



<h2>High Tide (HITI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/marijuana-cannabis-stocks-1600-300x169.png" alt="marijuana stocks Hand gently holding rich soil for his marijuana plants. Cannabis Stocks"><div>Source: Jetacom Autofocus / Shutterstock.com</div></div><p><a href="https://investorplace.com/industries/healthcare/cannabis/">Cannabis stocks</a> have fallen out of favor as the initial legalization fervor continues to fade. While the group no longer grabs headlines, compelling plays still exist for discerning investors. <strong>High Tide</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/hiti-stock-quote/"><strong>HITI</strong></a></span>) ranks among my top cannabis picks, having previously recommended it near $1.25 before the current $1.80 level. But in the volatile world of penny stocks, that&rsquo;s hardly much upside.</p>



<p>High Tide has been trading sideways for two years now between $1 and $3. A breakout above $2.50 could materialize in the next two quarters if expectations are met or exceeded. The company is <a href="https://seekingalpha.com/symbol/HITI/earnings/estimates">forecasted to break even in Q4 2024,</a> followed by significant earnings growth. At current prices, you&rsquo;re paying a modest 5x 2028&rsquo;s expected EPS. Revenue is projected to surge from $388 million in 2024 to potentially over $1 billion by 2030  if the U.S. legalizes the substance this decade.</p>



<p>Already performing well in Canada with its sticky discount club model, High Tide looks poised to deliver multibagger returns in a multi-year timeframe. This is one cannabis name I&rsquo;m happy to stick with through the ups and downs.</p>



<h2>Penny Growth Stocks: Iteris (ITI)</h2>



<div><img width="298" height="224" src="https://investorplace.com/wp-content/uploads/2024/02/artificial-intelligence-ai-298x224-1.jpg" alt="artificial intelligence digital concept"><div>Source: MilletStudio / Shutterstock.com</div></div><p><strong>Iteris</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/iti-stock-quote/"><strong>ITI</strong></a></span>) seems positioned to ride two key trends &mdash; infrastructure investment and the artificial intelligence hype. As governments commit billions to upgrade transportation infrastructure, demand appears rock-solid for Iteris&rsquo; AI-powered mobility solutions. Its ClearMobility platform leverages AI to optimize infrastructure planning and maintenance. With advanced video sensors and radars to monitor intersections of every size, Iteris can capture a significant share in this high-growth market.</p>



<p>Despite over double-digit revenue growth, ITI&rsquo;s modest 1.2x forward sales multiple diverges from the company&rsquo;s strong fundamentals. Iteris <a href="https://www.google.com/finance/quote/ITI:NASDAQ">grew revenue by 17% in 2023,</a> though net losses increased to $15 million from $7 million. Near-term losses aren&rsquo;t concerning given the long runway for Iteris&rsquo; cloud-based infrastructure monitoring systems. Analysts <a href="https://seekingalpha.com/symbol/ITI/earnings/estimates">forecast</a> profitability in 2024, with EPS potentially doubling from 28 cents to 35 cents in 2025 alongside continued double-digit revenue growth. Substantial margin expansion could ensue long-term &mdash; a common outcome when companies capitalize on megatrends. This is definitely one of the best penny growth stocks if you want to balance risk-return.</p>



<h2>Velo3D (VLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/3dprintingmsn3-1600-300x169.jpg" alt="3d printer printing chips, 3D printing stocks"><div>Source: shutterstock.com/Alex_Traksel</div></div><p><strong>Velo3D</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/vld-stock-quote/"><strong>VLD</strong></a></span>) is a leading metal 3D printing technology purveyor focused on mission-critical components. Blue chip partners like <strong>SpaceX</strong>, <strong>Honeywell </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/hon-stock-quote/"><strong>HON</strong></a></span>) and <strong>Lam Research</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/lrcx-stock-quote/"><strong>LRCX</strong></a>) validate VLD&rsquo;s solutions. After bottoming out in February, shares have skyrocketed 139%. However, small companies like Velo3D, with a $139 million market cap tend to be volatile. Another crash could certainly occur.</p>



<p>Still, the financials look promising for this early-stage high-growth company. Despite losses currently, Velo3D holds a sturdy $72 million <a href="https://www.google.com/finance/quote/vld:NYSE">cash position</a> to fund operations. Losses are <a href="https://seekingalpha.com/symbol/VLD/earnings/estimates">forecasted to shrink</a> to a fifth of 2023&rsquo;s amount by 2025, alongside revenue potentially rising from $107 million to $172 million.</p>



<p>Although the new order backlog has slipped recently, that could reverse as 3D printing gains more mainstream adoption. If Velo3D properly scales up, robust margins usually follow. This penny growth stock holds intriguing long-term multibagger potential.</p>



<h2>Fusion Fuel Green (HTOO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/hydrogen-fuel-pipeline-300x169.png" alt="An image of a hydrogen fuel pipeline running through a grassy field, with wind turbines and solar panels in the background. top hydrogen stocks to buy"><div>Source: petrmalinak / Shutterstock</div></div><p><strong>Fusion Fuel Green</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/htoo-stock-quote/"><strong>HTOO</strong></a></span>) provides innovative and cost-competitive green hydrogen solutions. Its modular solar-to-hydrogen tech combines solar concentration and a proprietary electrolyzer to produce zero-emission hydrogen at low cost.</p>



<p>Fusion Fuel has inherent risks as it is still pre-revenue. However, sentiment has turned positive lately, with shares up over 220% since November 2023. E.U. grants for green hydrogen sparked investor enthusiasm. HTOO could generate <a href="https://seekingalpha.com/symbol/HTOO/earnings/estimates">$5.6 million in revenue</a> in 2023, quickly expanding to $105 million by 2026, per estimates. Profitability is projected for 2026 as well.</p>



<p>You&rsquo;re paying a reasonable 23x 2026&rsquo;s expected earnings, dropping to just 4x by 2030. If Fusion Fuel executes successfully, multibagger returns look attainable. I&rsquo;m cautiously optimistic hydrogen&rsquo;s time to shine has arrived. It looks like a good bet if you&rsquo;re looking for more high-risk, high-reward penny growth stocks.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks</strong>: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More</strong>: <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a></em></p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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Digital Ally GAAP EPS of -$9.22, revenue of $28.25M

The latest update is out from Digital Ally (DGLY). Dive into the future of finance with the latest stock market insights! The attached report tease...

Digital Ally's Forward-Looking Financial Insights and Risks

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Digital Ally</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dgly-stock-quote/"><strong>DGLY</strong></a></span>) just reported results for the fourth quarter of 2023.</p><ul><li>Digital Ally reported earnings per share of -$2.67.</li><li>The company reported revenue of $5.93 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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