Dark Pulse Inc (DPLS) Stock Skyrocketed 625% in a Month: Still a Good Buy?
Investors are always on the lookout for stocks that can generate considerable returns within a few weeks and if you are looking for such a stock at this point, it could be a good move to take a look at the Dark Pulse Inc (OTCMKTS:DPLS) stock.
The stock continued to be in focus among investors on Tuesday and managed to record gains of as much as 37%. However, the real story lies in the fact that yesterday’s gains took the Dark Pulse stock’s gains over the past month to a staggering 625%. There was no news about the company yesterday and hence, it might be a good move to take a look at an announcement from the laser sensing systems company last week.
At the time, the company announced that it inked a letter of intent by way of which it was going to acquire the drone-based company TerraData Unmanned PLCC. The company is capable of providing a wide range of services including 3D modeled mapping that could be deployed in a range of industries.
In this regard, it is also necessary to keep in mind that the services from TerraData also help in underwater inspection work. Some of the other services could also be vital when it comes to tackling concerns related to public safety across air, water, and earth. Hence, it is no surprise that the acquisition has led to a certain degree of excitement among investors with regards to the Dark Pulse stock.
Is DarkPulse (DPLS) Stock A Good Buy After The Big Jump?
If you are looking into the stocks which have made considerable gains in the month of June so far then it might be difficult to look past the gains made by the DarkPulse Inc (OTCMKTS:DPLS) stock.
Over the course of the month so far, the stock has attracted plenty of investors and has delivered gains of as much as 250%. In light of such massive gains, it could be a good move for investors to take a long look at DarkPulse. The main trigger for the remarkable rally in the stock came about back on June 8 when the laser sensing systems company announced that it signed two letters of intent regarding the acquisition of controlling stakes in two different companies.
One of those companies is Remote Intelligence LLC and the other is Wildlife Specialists LLC. However, it is important to keep in mind that both those companies are involved in the same line of business.
The companies offer drone based 3D mapping services for industrial application and primarily work with the oil and gas industry. The acquisition of controlling stakes in these two companies is strategic in nature and Kenneth Davidson, the Chief Operating Officer stated that they represent a ‘key piece of the strategy’.
The acquisitions are expected to help DarkPulse in offering more services to its clients and that is possibly one of the major reasons why the stock has rallied this strongly in June.
However, at the same time, it remains to be seen how DarkPulse progresses once the acquisitions are closed. Last month the Chief Executive Officer of the company Dennis O’Leary joined a popular podcast and spoke about the current condition of the company. He stated that recent a recent press release about a bridge funding worth $850,000 is merely in the planning process. He went on to state that it is going to offer more notes in order to take care of the company’s toxic debts.