Digital Ally Inc ( DGLY ) shares are trading higher by 62% to $1.38 Wednesday morning after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.

The patented system could addresses critical needs in the fleet management industry, such as real-time monitoring, incident reporting, and driver behavior analysis.

Companies managing large fleets are particularly interested in tools that can reduce accidents, optimize operations and improve driver performance. Digital Ally’s ability to provide these solutions could result in new contracts or partnerships, boosting revenue projections and investor confidence.

The announcement of a patent can also create a wave of positive sentiment among investors, especially those who view intellectual property as a key asset. This sentiment can drive speculative buying.

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How To Buy DGLY Stock

By now you're likely curious about how to participate in the market for Digital Ally ( DGLY ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Digital Ally ( DGLY ), which is trading at $0.85 as of publishing time, $100 would buy you 117.65 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, DGLY has a 52-week high of $4.04 and a 52-week low of $0.84.