DMC Global Inc (NASDAQ: BOOM) stock enjoyed a major increase of 19.2% on 9/17/24. The shares closed at $13.00. Moreover, this advance was accompanied by exceptionally high trading volume at 597% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 21.5% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. DMC Global has a very high Appreciation Score of 88 but a very low Power Rating of 11, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive 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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