On 5/3/24, DMC Global Inc (NASDAQ: BOOM) stock suffered a major decline of -16.8%, closing at $13.64. Moreover, exceptionally high trading volume at 431% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -18.6% during the last week.
Current PriceTarget Research Rating
BOOM is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DMC Global has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. DMC Global has a very high Appreciation Score of 91 but a very low Power Rating of 10, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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