Friday, May 14, 2021

What to Watch When DMC Global Inc. [BOOM] Reports Quarterly Earnings

Earnings from DMC Global Inc. [BOOM] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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BOOM Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.01 per share on revenue of $58.3M. Taking a look at the future, the company is projected to report revenue of $64.07M at an earnings per share of $0.18 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 25.50% in revenue and 182.40% in earnings per share for the company.

BOOM Stock Earnings Forecast For The Current Year


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For the full financial year, DMC Global Inc. [NASDAQ:BOOM] is forecasted to generate revenue of $261.95M. The figure is about $32.79 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.75 in 2021, which is $0.68 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 971.40% this year, 182.70% next year, and 20.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 14.30% in current fiscal year and 25.50% over following year.

BOOM Stock Price Performance

At a recent check today, DMC Global Inc. [NASDAQ:BOOM] finished down -2.06% at $51.76. The stock’s day high price was $53.89, and its lowest was $51.13. Its price fall -7.25% in the last five days. Since the beginning of the year, DMC Global Inc.’s shares are up nearly 22.20%. However, the share price is -26.06% below its one year high. The top price reached by the shares of the company was $70.00 on 03/09/21, while the 52-week low came on 01/04/21, when the shares were $43.13. In the past year, shares of the company have risen 107.42%. At 50 days, the moving average achieved is $58.89 while at 200 days, the moving average is $43.70. There were 21763.0 shares traded in the last session, down from 0.12 million in the previous session.

DMC Global Inc. [NASDAQ:BOOM] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.48 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.14 for the industry, which means BOOM offers an unattractive investment opportunity than its competitors do.

BOOM Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 51.85 level, and the violation of this level will cause a further drop to 51.36 level. At the upper end, 56.88 remains a key resistance. As the stock increases, it may find resistance at 55.38. In the 14-day chart, the Relative Strength Index standing at 41.92 suggests a technical neutral stance while the MACD standing at -1.41 indicates price will decrease in the next trading period. Stochastic %K at 24.06% suggests holding the stock while Percent R indicator at 82.08% suggests bearish price movement.

How much is the short interest in DMC Global Inc.?

There have been a drop in short interest in the DMC Global Inc. Financial stock, with short interest down by 90000.0 shares to 1.95 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.86 million shares. This 4.62% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 17.86% of the overall float in the stock, while the stock’s days to cover moved to 12.2.

How do analysts view DMC Global Inc.?

In regard to the share price forecast for DMC Global Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $61.00 in the next twelve months, representing almost an 15.15% growth from its recent price of $51.76. Among DMC Global Inc. stock projections, $70.00 is the highest analyst target for the stock, while $49.00 is the lowest. Despite this, 5 analysts who share their consensus rating for BOOM in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/24/20, when Stifel Ratings launched coverage of the stock at “Buy” and assigned a price target of $33.0.

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