Alert: Negative Investment/Fundamental Signals (2/27/24)-DMC Global Inc (NASDAQ: BOOM)

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DMC Global Inc (NASDAQ: BOOM) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, and its shorter term price trend turned down.

Recent notable negative changes in fundamentals have impacted DMC Global Inc (NASDAQ: BOOM): 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.

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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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DMC Global has a good Appreciation Score of 81 but a slightly negative Power Rating of 34, leading to the Neutral Value Trend Rating.

Recent Price Action

DMC Global Inc (NASDAQ: BOOM) stock closed at $17.51 on 2/27/24 after a large increase of 3.6%. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.8% during the last week.

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