Extremely important negative changes in investment behavior have recently occurred for DMC Global Inc (NASDAQ: BOOM): its longer term price trend turned down, and its shorter term price trend turned down.
DMC Global Inc (NASDAQ: BOOM). Meaningful negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BOOM is expected to be a modest Value Builder.
DMC Global has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DMC Global has a good Appreciation Score of 80 but a poor Power Rating of 30, with the Neutral Value Trend Rating the result.
Recent Price Action
DMC Global Inc (NASDAQ: BOOM) stock closed at $16.57 on 3/1/24 after a slight decline of -0.7%. However, trading volume in this decline was exceptionally low at 43% of normal. The stock has declined -5.0% during the last week and has been weak relative to the market over the last nine months.
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