DSG Global (OTCQB: DSGT), an emerging player in the electric vehicle (“EV”) segment with a large lineup of affordable and diverse vehicles, is the subject of a new Goldman Small Cap Research note. Goldman is a stock market research firm specializing in the small cap and microcap sectors. In the Opportunity Research note, Goldman discusses the impact the Lordstown Motors saga could have on DSG’s approach and notes that DSG has exclusive North American rights to sell a broad lineup of EV vehicles from multiple manufacturers, reducing capital costs by tens of millions of dollars because the production risk cost is eliminated. The note also observed that some EV manufacturers may not come close to meeting production goals and could even be forced to closed because the EV space is primed for outsized growth and will remain in demand and in favor in the capital markets. “However, if other ‘producers’ shoes drop’ in a similar fashion, savvy investors may seek out superior models and companies such as DSG that offer strong top-line upside without the associated capital costs that have historically crushed US automotive manufacturers from time to time,” stated the Goldman Small Cap Research note. “As noted in our May Trade Alert, we believe that DSGT’s shares could substantially benefit from its expected up-list to NASDAQ. Due to the Lordstown saga, DSGT’s stock may also enjoy additional gains due to intra-sector stock accumulation as investors swap one peer’s stock for another. Thus, on a pre-up-list basis, we believe DSGT could trade at a major premium to its closing price. This thesis is also based upon a high-level view of potential EV sales, peer valuations, and the impact of catalysts such the Company’s grand opening later this week.”
To view the full press release, visit https://ibn.fm/2Bka0
About DSG Global Inc.
DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors. With roots in the golf industry in which it specializes in fleet management with patented analytics, mobile touch screen engagement and electric golf carts under the Vantage Tag Systems (“VTS”) brand, the company is moving quickly with road-ready electric vehicles for sale in the first quarter of 2021 through its Imperium Motor Company subsidiary. For more information about the company, please visit www.DSGTGlobal.com.
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