DSG Global Inc (OTCMKTS:DSGT) Due For A Reversal After Bearish Run

A reversal in share price may be building around DSG Global Inc (OTCMKTS:DSGT) after one of the worst runs in recent years. The stock has started to bottom out after losing more than 80% of market value over the past 12 months.Price Action Analysis The underperformance is attributed to a string of challenges that the company faced in terms of finance and ability to grow. Fast forward, the company has built a strong foundation of products, intellectual property and robust sales channel that positions it for robust growth.With trading volumes showing signs of increasing, the big question now is whether the stock has what it takes to bounce back, from the current lows. Just like in our previous update, we believe the stock is due for a bounce back at the back of improving fundamentals. DSGT Daily ChartThe stock is currently trading in a tight $0.002-$0.004 trading range and needs to close above the $0.0053 handle to affirm the emerging bullish trend. However, given that it is also trading near its 52-week lows it remains susceptible to further declines given the long-term engulfing bearish trend.Before we look at the fundamentals likely to push the stock up the charts, let us look at what DSG Global does in pursuit of growth and shareholder value.Formerly Boreal productions, DSG Global bills itself as a technology development company. The company designs, manufactures, and markets fleet management solutions for the golfing industry. The government and the military also use its solutions.Its core business entails the sale of and rental of the global positioning system as well as tracking devices and interfaces for golf vehicles and other related support devices.$3 Million Product Sales Commitments The bear run in DSG Global stock price cannot be attributed to deteriorating performance. The company is fresh from unveiling a new fleet of management products to PGA Professionals, owners and golf facility professionals.The fleet of management products is one of the reasons why we remain upbeat about the company’s long-term prospects. Among the products that continue to generate interest, include the 12 INFINITY HIGH Definition display solution as well as a single rider golf cart, Fairway Rider G3.The 12 HD display is the brightest and most reliable display ever developed by the company. It comes with Bluetooth technology for streaming videos, audio, sports score and the stock market.DSG Global has already received over $3 million worth of written and verbal commitments for its fleet management products.

“We are in the process of finalizing mass production and delivery for both products. These shows were even more successful than last year, resulting in a significant backlog for the company. This revenue stream will commence as units start being delivered next month,” commented Patrick Parent, SVP DSG Global.

Bringing Blockchain to Golf Industry DSG Global has also set its eyes on the blockchain technology as it continues to explore ways of expanding its business landscape. According to the company’s Chief Executive Officer, Robert Silzer, blockchain, and its related technologies have the potential to change the golf industry.The executive expects the technology to build a new bridge between golf and the millennials as well as raise the enthusiasm of the sport. The company is to release its roadmap on the blockchain initiative in the second quarter.

"We anticipate that our ability to utilize blockchain and its related technologies not only represents the company's commitment to implementing new technologies in all aspects of its business but reflects management and the Boards desire to open up potential additional growth opportunities for the company", stated Robert Silzer, CEO of DSG Global, Inc.

What to Expect of DSG Global in 2018After one of the worsts runs in recent history, it appears DSG Global is now ready to hit the right knots when it comes to growth. A solid portfolio of products is one of the catalysts that positions the company for an impressive run in 2018.The company has already attracted commitments worth $3 million as expectations remain high of it being active on the sales front. DSG Global has also established a global distribution channel as it looks to pursue sales opportunities on the global scene.Developing a valuable intellectual property portfolio has also come into play as the company continues to explore ways of growing shareholder value. The company has also started to identify potential acquisition targets whose products and services it hopes to use to complement its products to further grow the business.It goes without saying that 2017 was dedicated to building a foundation of products and restructuring the company for the future. 2018 is thus expected to be a transformational year as DSG Global moves to generate value from its efforts.That said the stock looks set to bounce back from the lows as investors take note of the company’s growth metrics.Disclosure: We have no position in DSGT and have not been compensated for this article.