Can DMC Global Inc. (BOOM)’s Tomorrow Be Different? The Stock Increases Again

The stock of DMC Global Inc. (NASDAQ:BOOM) is a huge mover today! The stock increased 3.80% or $1.72 during the last trading session, reaching $46.96. About 221,202 shares traded. DMC Global Inc. (NASDAQ:BOOM) has risen 30.76% since September 13, 2018 and is uptrending. It has outperformed by 30.76% the S&P500.
The move comes after 6 months positive chart setup for the $687.78M company. It was reported on Sep, 13 by Barchart.com. We have $49.31 PT which if reached, will make NASDAQ:BOOM worth $34.39M more.

Analysts await DMC Global Inc. (NASDAQ:BOOM) to report earnings on October, 24. They expect $0.80 earnings per share, up 17.65 % or $0.12 from last year’s $0.68 per share. BOOM’s profit will be $11.72 million for 14.68 P/E if the $0.80 EPS becomes a reality. After $1.17 actual earnings per share reported by DMC Global Inc. for the previous quarter, Wall Street now forecasts -31.62 % negative EPS growth.

DMC Global Inc. (NASDAQ:BOOM) Ratings Coverage

Among 2 analysts covering DMC Global Inc (NASDAQ:BOOM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. DMC Global Inc has $79 highest and $50 lowest target. $64.50’s average target is 37.35% above currents $46.96 stock price. DMC Global Inc had 8 analyst reports since March 22, 2019 according to SRatingsIntel. Chardan Capital Markets maintained DMC Global Inc. (NASDAQ:BOOM) rating on Wednesday, April 10. Chardan Capital Markets has “Buy” rating and $79 target. Roth Capital maintained the stock with “Buy” rating in Friday, March 22 report.

More notable recent DMC Global Inc. (NASDAQ:BOOM) news were published by: Nasdaq.com which released: “U.S. whiskey exporters struggle after year of EU tariffs – Nasdaq” on August 18, 2019, also Nasdaq.com with their article: “Is OrganiGram Holdings a Buy? – Nasdaq” published on September 07, 2019, Nasdaq.com published: “Ultra-Long Bonds Look Like A Solution But Are Just Another Symptom of the Real Problem – Nasdaq” on August 29, 2019. More interesting news about DMC Global Inc. (NASDAQ:BOOM) were released by: Nasdaq.com and their article: “DMC Global (BOOM) is an Incredible Growth Stock: 3 Reasons Why – Nasdaq” published on April 10, 2019 as well as Nasdaq.com‘s news article titled: “Is DMC Global (BOOM) a Profitable Pick for Value Investors Now? – Nasdaq” with publication date: September 10, 2019.

DMC Global Inc. operates technical product and process businesses in the energy, industrial, and infrastructure markets worldwide. The company has market cap of $687.78 million. The firm operates in two divisions, NobelClad and DynaEnergetics. It has a 13.38 P/E ratio. The NobelClad segment is involved in the production of explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for gas and oil, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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