Kennedy Capital Management, Inc. recently announced the acquisition of new stake in DMC Global Inc. (NASDAQ:BOOM). The institutional investor has increased its shareholding in the Energy company by 55.81% to 0.74 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 3.80% valued currently at $14.44 million. In addition, Millennium Management LLC raised its holdings by 0.6 million to 0.6 million shares. And Royce & Associates LP has lifted its position by 4.20% or 15400.0 shares – to 0.38 million shares.
With over 0.1 million DMC Global Inc. (BOOM) shares trading Monday and a closing price of $21.40 on the day, the dollar volume was approximately $2.22 million. The shares have shown a positive half year performance of 9.80% and its price on 01/23/23 lost nearly -2.86%. Currently, there are 19.38M common shares owned by the public and among those 18.65M shares have been available to trade.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for BOOM have a consensus price objective of $33.00. The analysts have set the share’s price value over the next 12 months at a high of $36.00 and a low of $30.00. The average price target is 39.43% above its recent price level and an upside to the estimated low will see the stock gain 28.67% over that period. But an upside of 40.56% will see the stock hit the forecast high price target while median target price for the stock is $33.00.
Insiders at the company have transacted a total of 58 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 163,902 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 39,568 shares.
The top 3 mutual fund holders in DMC Global Inc. are iShares Core S&P Small Cap ETF, Wasatch Small Cap Growth Fund, and Wasatch Micro Cap Fund. iShares Core S&P Small Cap ETF owns 1.38 million shares of the company’s stock, all valued at over $26.79 million. The company sold 1048.0 shares recently to bring their total holdings to about 7.06% of the shares outstanding. Wasatch Micro Cap Fund bought 0.1 million shares to bring its total holdings to over 0.58 million shares at a value of $11.36 million. Wasatch Micro Cap Fund now owns shares totaling to 2.99% of the shares outstanding.
Shares of DMC Global Inc. (NASDAQ: BOOM) opened at $22.14, up $0.11 from a prior closing price of $22.03. However, the script later moved the day high at 22.91, down -2.86%. The company’s stock has a 5-day price change of -1.88% and 17.71% over the past three months. BOOM shares are trading 10.08% year to date (YTD), with the 12-month market performance down to -48.78% lower. It has a 12-month low price of $13.95 and touched a high of $42.74 over the same period. BOOM has an average intraday trading volume of 160.64K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.05%, 14.24%, and 2.30% respectively.
Institutional ownership of DMC Global Inc. (NASDAQ: BOOM) shares accounts for 91.60% of the company’s 19.38M shares outstanding. Mutual fund holders own 47.53%, while other institutional holders and individual stakeholders account for 5.95% and 38.58% respectively.
It has a market capitalization of $402.75M and a beta (3y monthly) value of 1.64. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.84% over the week and 6.55% over the month.
Analysts forecast that DMC Global Inc. (BOOM) will achieve an EPS of $0.27 for the current quarter, $0.44 for the next quarter and $2.37 for 2023. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.31. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -175.10%, and 333.40% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 10.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate DMC Global Inc. (BOOM) as a “Strong Buy” at a consensus score of 1.70. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BOOM, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on November 30, 2021, with the firm’s price target at $52. ROTH Capital coverage for the DMC Global Inc. (BOOM) stock in a research note released on October 22, 2021 offered a Buy rating with a price target of $55. Sidoti on their part issued Buy rating on July 10, 2019.
