DSG Global Inc (OTCMKTS:DSGT) Stock Pulls Back After The Recent Rally

The DSG Global Inc (OTCMKTS:DSGT) stock had been one of the major movers not too long ago but in the previous week, the stock corrected somewhat and went down by 13%. However, at the same time, it is necessary to point out that over the course of the past week; it is still up by as much as 107%.

Hence, it might be a good time to figure out if the latest correction could be an opportunity to get into the stock at this point. Back on September 14, the company had announced that Imperium Motors, its electric vehicle unit, was starting the production process for the initial 682 SEV vehicles which will be Imperium branded.

That was a significant development and particularly so considering the fact that DSG Global also noted that it expected to generate sales to the tune of as much as $26 million in the fourth quarter of 2021. The President of Imperium Canada spoke about the matter as well.

He stated that in addition to the growth of presales there has been considerable interest from retailers in the North American market as well for the SEV vehicles. It might now be a good move from investors to add the DSG Global stock to their watch lists.