Healthy Upside Potential: DMC Global Inc. (BOOM)

DMC Global Inc. (NASDAQ: BOOM) stock fell -2.96% on Wednesday to $17.73 against a previous-day closing price of $18.27. With 0.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.19 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $18.21 whereas the lowest price it dropped to was $17.40. The 52-week range on BOOM shows that it touched its highest point at $47.01 and its lowest point at $13.95 during that stretch. It currently has a 1-year price target of $35.33. Beta for the stock currently stands at 1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BOOM was down-trending over the past week, with a drop of -12.23%, but this was down by -9.59% over a month. Three-month performance dropped to -29.81% while six-month performance fell -35.20%. The stock lost -54.91% in the past year, while it has lost -55.24% so far this year. A look at the trailing 12-month EPS for BOOM yields -0.18 with Next year EPS estimates of 2.20. For the next quarter, that number is 0.25. This implies an EPS growth rate of -175.10% for this year and 395.06% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.60%.

Float and Shares Shorts:

At present, 19.38 million BOOM shares are outstanding with a float of 18.65 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.59 million, which was 3.00% higher than short shares on Sep 14, 2022. In addition to Mr. Kevin T. Longe as the firm’s Pres, CEO & Exec. Director, Mr. Michael L. Kuta serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 86.60% of BOOM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.02% of BOOM, in contrast to 5.59% held by mutual funds. Shares owned by individuals account for 38.68%. As the largest shareholder in BOOM with 14.42% of the stake, BlackRock Fund Advisors holds 2,816,146 shares worth 2,816,146. A second-largest stockholder of BOOM, Wasatch Advisors, Inc., holds 1,916,412 shares, controlling over 9.81% of the firm’s shares. Cooke & Bieler LP is the third largest shareholder in BOOM, holding 1,675,797 shares or 8.58% stake. With a 7.05% stake in BOOM, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,376,470 shares are owned by the mutual fund manager. The Brown Capital Management – Small, which owns about 4.40% of BOOM stock, is the second-largest Mutual Fund holder. It holds 859,509 shares valued at 18.6 million. Wasatch Small Cap Growth Fund holds 4.24% of the stake in BOOM, owning 827,153 shares worth 17.9 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BOOM since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BOOM analysts setting a high price target of $40.00 and a low target of $30.00, the average target price over the next 12 months is $35.33. Based on these targets, BOOM could surge 125.61% to reach the target high and rise by 69.2% to reach the target low. Reaching the average price target will result in a growth of 99.27% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BOOM will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $0.74 being high and $0.22 being low. For BOOM, this leads to a yearly average estimate of $0.46. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DMC Global Inc. surprised analysts by $0.08 when it reported $0.35 EPS against a consensus estimate of $0.27. The surprise factor in the prior quarter was $0.35. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.24. The average estimate for the next quarter is thus $0.25.

Dividends & Yield:

In terms of dividends, BOOM has a dividend of $0.16 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BOOM currently yields $0.24. In the past year, BOOM’s dividend yield has been $0.24, but when looking at the stock over the past five years, its yield has been $0.51. Accordingly, BOOM has a current buyback yield of $0.24. This was $0.24 for the TTM.

Summary of Insider Activity:

Insiders traded BOOM stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 10,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 163,902 while 39,568 shares were sold.

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