DMC Global (NASDAQ:BOOM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

DMC Global (NASDAQ:BOOM) had its price objective raised by stock analysts at Stifel Nicolaus from $7.00 to $8.00 in a research report issued on Monday, MarketBeat reports. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 18.69% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of DMC Global in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DMC Global currently has a consensus rating of “Hold” and a consensus price target of $9.00.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $6.74 on Monday. The stock has a market cap of $138.45 million, a P/E ratio of -7.25 and a beta of 1.74. The firm’s 50-day simple moving average is $6.51 and its 200 day simple moving average is $6.64. DMC Global has a fifty-two week low of $4.69 and a fifty-two week high of $9.20. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.23.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.19. The company had revenue of $156.95 million during the quarter, compared to analyst estimates of $148.97 million. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. Equities analysts expect that DMC Global will post -0.18 EPS for the current year.

Institutional Investors Weigh In On DMC Global

Large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of DMC Global in the third quarter worth $31,000. Van Den Berg Management I Inc. bought a new position in shares of DMC Global in the third quarter worth about $86,000. Jump Financial LLC bought a new stake in DMC Global during the 2nd quarter valued at approximately $86,000. BNP Paribas Financial Markets increased its position in DMC Global by 908.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock worth $93,000 after buying an additional 10,406 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of DMC Global in the third quarter valued at approximately $117,000. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.