DMC Global Inc (NASDAQ: BOOM) stock suffered a major decline of -18.3% on 10/22/24. The shares closed at $10.57. Moreover, this decline was accompanied by exceptionally high trading volume at 740% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -19.2% 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 good Appreciation Score of 84 but a poor Power Rating of 29, producing 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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