Digital Ally Inc (NASDAQ:DGLY) shares are trading higher by 62% to $1.38 Wednesday morning after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.
The patented system could addresses critical needs in the fleet management industry, such as real-time monitoring, incident reporting, and driver behavior analysis.
Companies managing large fleets are particularly interested in tools that can reduce accidents, optimize operations and improve driver performance. Digital Ally’s ability to provide these solutions could result in new contracts or partnerships, boosting revenue projections and investor confidence.
The announcement of a patent can also create a wave of positive sentiment among investors, especially those who view intellectual property as a key asset. This sentiment can drive speculative buying.
How To Buy DGLY Stock
By now you're likely curious about how to participate in the market for Digital Ally – be it to purchase shares, or even attempt to bet against the company.
In the the case of Digital Ally, which is trading at $0.85 as of publishing time, $100 would buy you 117.65 shares of stock.
According to data from Benzinga Pro, DGLY has a 52-week high of $4.04 and a 52-week low of $0.84.
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