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Sidoti upgrades DMC Global Inc (BOOM) rating to a Buy

DMC Global Inc’s recently made public that its Director OLEARY JAMES acquired Company’s shares for reported $81950.0 on Dec 06 ’23. In the deal valued at $16.39 per share,5,000 shares were bought. As a result of this transaction, OLEARY JAMES now holds 8,676 shares worth roughly $0.12 million.

Then, Graff Richard P sold 4,000 shares, generating $91,760 in total proceeds. Upon selling the shares at $22.94, the Director now owns 14,881 shares.

Before that, Graff Richard P sold 2,000 shares. DMC Global Inc shares valued at $32,180 were divested by the Director at a price of $16.09 per share. As a result of the transaction, Graff Richard P now holds 18,881 shares, worth roughly $0.26 million.

Sidoti upgraded its DMC Global Inc [BOOM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. ROTH Capital also remained covering BOOM and has decreased its forecast on March 09, 2020 with a “Neutral” recommendation from previously “Buy” rating. Tudor Pickering started covering the stock on January 30, 2020. It rated BOOM as “a Buy”.

Price Performance Review of BOOM

On Friday, DMC Global Inc [NASDAQ:BOOM] saw its stock fall -16.78% to $13.64. Over the last five days, the stock has lost -17.28%. DMC Global Inc shares have fallen nearly -27.52% since the year began. Nevertheless, the stocks have fallen -21.88% over the past one year. While a 52-week high of $27.16 was reached on 04/01/24, a 52-week low of $14.89 was recorded on 05/03/24. SMA at 50 days reached $17.52, while 200 days put it at $19.09. A total of 0.81 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For BOOM Stock

The 24-hour chart illustrates a support level at 12.81, which if violated will result in even more drops to 11.97. On the upside, there is a resistance level at 15.23. A further resistance level may holdings at 16.81. The Relative Strength Index (RSI) on the 14-day chart is 22.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.68%. Stochastics %K at 11.82% indicates the stock is a buying.

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