The past week has been a tough one for investors in DarkPulse Inc (OTCMKTS:DPLS) and that becomes apparent once you look into the price action in the stock. The stock continued to be in a downward spiral yesterday and went down by as much as 11% as a consequence. It should be noted that the decline in the stock yesterday took its cumulative decline over the course of the past week to as much as 25%.
Trading Data
On Friday, DPLS stock fell 11.20% at $0.0406 with more than 94.99 million shares, compared to its average volume of 30.55 million shares. The stock has moved within a range of $0.0420 – 0.0519 after opening trade at $0.0509.
Latest News
In this situation, it may be a good move for investors to note that back on January 13, 2021, the Chief Executive Officer of DarkPulse, Dennis O’Leary, had gone to the popular The Stock Day Podcast for an interview.
In that interview with The Stock Day Podcast host Everett Jolly, O’Leary provided a detailed account about the background of DarkPulse and the sort of work that it did in the field of advanced laser based systems. He noted that at this point in time DarkPulse was a collection of seven companies in total and also provided details with regards to certain recent developments. However, that did not lead to any revival for the DarkPulse stock. It will be interesting to see if the stock can recover this week.
Key Quote
O’Leary began the interview by elaborating on the Company’s background and current projects. “Right now we are a total of seven companies,” said O’Leary. “We have purchased a series of patents on something called dark pulsing, which is a sensing technology,” he explained. “We took the company public in 2018,” said O’Leary, before elaborating on the Company’s numerous acquisitions since that time. “We are headed towards data-as-a-service.”
Technical Data
DPLS stock is trading below the 20-Day and 50-Day Moving averages of $0.0620 and $0.0788 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0759.
