7 Ways To Play The Digital Ally Spike

closed up 12.64 percent on Thursday after investors

. The company (which is not covered by Wall Street analysts and is currently down more than four percent) has received a lot of media attention this week, but there are other ways to play this move. Read on to see the alternatives.

Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga that

has "way more contracts and contacts in this space." That could give it an advantage over Digital Ally. "Taser's market cap is $1.5 billion," said Udall. "[It's] a pretty big company in this niche market."

"TASER and GoPro are the bigger names that have this same sort of headline potential, if you're trying to play that," Cody Willard, chairman of

(a financial social network), told Benzinga.

has not yet developed wearable cameras for law enforcement, but many investors hope/speculate that the company will enter the space very soon.

to GoPro, Huawei, Xiaomi and a number of other manufacturers. The company also makes its own

for the police and security markets. "It's tripled in the last year," said Willard. "I still own it. They're basically the Intel of the HD wearable camera market."

is also on Willard's list. "You're gonna see Sony get into the market," said Willard. "I think they'll figure out how to use their own chipsets. I think they might be the Samsung of the wearable industry. They've invested a lot of time and energy in the scene already." If Digital Ally is a legitimate firm, Willard expects it to get acquired by one of these companies (or some other firm that is "actually doing business on a major level with the federal government"). If not, he thinks Digital Ally "will get squashed" by Sony or another company in the space.

Willard expects

to be the dominant player for most wearable devices. "I like Google because of the Android operating system," he said. "It's going to be the de facto operating system for most wearable devices and cameras."

Willard likes

because wearable devices are going to need local storage. He expects the company, which manufacturers a variety of memory cards, to benefit from that.

Last but not least is

. "People are going to need to interface with wearable devices," said Willard. "[Synaptics] makes interfaces for smartphones and tablets." Synaptics does not currently supply interfaces for wearable devices, but Willard thinks that might change in the next few years. "Look out five years and you're going to be talking about billions of wearable devices sold annually," Willard added. Synaptics previously supplied the scrolling wheel for the first Pod. The company

an iPhone supplier last year to win back

business. It is unclear if Synaptics was successful, but both Apple and its iPhone 6 were

during Synaptics' Q1 earnings call. Disclosure: