With the rise of smart cities and technology progressing at break-neck speeds, fiber-optic technology is increasingly in demand. Thankfully, DarkPulse, Inc. (OTC: DPLS) – a global leader in critical infrastructure solutions – has been revolutionizing this sector using its own patented fiber-sensor technology to make infrastructure safer and more reliable. Currently valued at $0.9 billion, the fiber optic industry is projected to reach $1.5 billion by 2026. With that in mind, DPLS stock has seen a significant increase in demand resulting in a 1600% increase from early June to early July. DPLS is a stock to watch as it sets out ambitious plans for global expansion and acquisitions.

DarkPulse is a leading technology-security company thanks to its patented BOTDA dark-pulse sensor technology. This technology provides a data stream of metrics for assessing changing temperatures, strains, and stresses. Standing out from its competition, DarkPulse Inc. offers the most dependable high resolution technology at low production costs. When it is applied to various types of infrastructure in oil and gas, security, pipeline, mining, and even aerospace sectors, DarkPulse’s technology can become an important tool for evaluating the structural safety of these incredibly expensive projects. 

Catalysts

On June 8th, DPLS finalized two Letters of Intent to acquire leading drone companies – Remote Intelligence and Wildlife Specialists. It also announced its acquisition of the drone company TerraData Unmanned which led to a further increase in stock value after an initial 500% increase in the days following its June 8th announcement. Most recently, DarkPulse acquired Optilan – a leader in security and communications – for an aggregate purchase price of £4,000,000. Optilan will give DPLS access to new and emerging markets because of its operational presence in the Middle East, Turkey, India, and Azerbaijan. These acquisitions are promising according to DarkPulse’s COO because they will allow the company to “expand its system capabilities and open new service lines”.

Based on its acquisition of Optilan it appears DPLS is venturing further into the global market. The company’s CEO Dennis O’Leary, shared in a July interview that as a result of market positions, the company’s Director for APAC and MENA regions will be transitioning to Dubai where he expects to have a market presence very soon. Considering Dubai’s ultra-modern smart cities, the move is not surprising and may point to more. 

Media Sentiment

OTC Twitter influencer and Youtuber @MoonMarket_ has given DPLS stock some attention. With over 13.5 thousand Twitter followers and 88.2K YouTube subscribers, @MoonMarket_ is one of the biggest influencers in the penny stocks community.

Technical Analysis

DPLS stock chart

Currently, DPLS stock is holding an RSI of 52.36 after correcting from overselling. While accumulation dropped earlier, it is staying steady at 350M. The MACD is now trending upwards after showing very little distribution between the signal line and MACD the day before. DPLS stock recently dropped through its previous support and is now showing a general support near .1122 and long term support of .1010. Its resistance appears to be near .1301 and in the long-term at .1505.

Should you buy?

Despite its acquisition plans and hopes to uplist to the OTCQB market, DPLS is still operating at a loss with no incoming revenue. Over a six month period ending June 30th, the company experienced a net loss of $237,481 and only has $148,562 in cash. Yet the company has liabilities exceeding its current assets by almost $3 million. According to its filings, DPLS stock has convertible notes with a face value of $1,584,574. But, its CEO Dennis O’Leary reported recently that the company is addressing this problem and has resolved all but three notes.

While the company has a history of dilution, it is unclear if it plans to issue additional shares to sustain its operations while the company works to bring in revenue through its acquisitions. But given the company’s plans for expansion across global markets and numerous acquisitions, DPLS stock has the potential to accelerate its development into the drone sector and beyond.

Bullish investors have the opportunity to invest now and could make short term gains if DPLS stock upswings from its current value of $.1182 towards its resistance at .1301or its secondary resistance of .1505.

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