
DMC Global (BOOM) Stock Forecast & Price Target
DMC Global (BOOM) Analyst Ratings
Bulls say
DMC Global Inc. is poised to experience rising earnings in 2023-24, particularly within its Arcadia segment, which is strategically positioned to capitalize on long-term trends in natural gas exports, tracking over 90 active projects. The company demonstrated resilience with better-than-expected second-quarter results, largely driven by a rebound in its Arcadia business, which indicates strong demand for its architectural building products. Additionally, the DynaEnergetics segment is anticipated to benefit from improved completion activity, suggesting potential for growth and geographic expansion that could exceed prior expectations.
Bears say
DMC Global Inc. is experiencing significant challenges leading to a negative outlook, primarily driven by reduced guidance for 3Q24 and a subsequent lowering of adjusted EBITDA estimates for 2024-25 to $70 million, excluding 40% ownership of Arcadia. The company's DynaEnergetics segment is highly sensitive to fluctuations in crude oil prices, and ongoing weakness in well completion activity has raised concerns about diminishing demand for its products, exacerbated by stiffening competition in the U.S. Additionally, the overall economic slowdown presents risks to the Arcadia business, alongside ongoing increases in raw material costs and potential execution challenges related to the buyout of the minority stake in Arcadia.
This aggregate rating is based on analysts' research of DMC Global and is not a guaranteed prediction by Public.com or investment advice.
DMC Global (BOOM) Analyst Forecast & Price Prediction
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