Winning Stock Forecast: DMC (NASDAQ: BOOM) Is Booming With 25.92% In 3 Days
Winning Stock Forecast
“North America’s unconventional onshore oil and gas industry remains very active, and a growing number of operators and service companies are turning to these systems to enhance well-completion efficiencies, improve reliability and drive down operating costs.” – Kevin Longe, president and CEO
Over the 3 days period starting from April 26, 2018, DMC’s stock price experienced steep price rise of more than 25%. Taking into account the overall BOOM stock performance of +200% over the trailing year , it is reasonable to suggest that this is the result of the company’s sustainable growth presented in the 1Q 2017 Financial Results released on April 26, 2018. The report contains the following highlights:
- First quarter sales of $67.3 million increased 24% sequentially and 73% from Q1 2017
- DynaEnergetics and NobelClad report sequential sales increases of 32% and 5%, respectively
- Consolidated gross margin improves to 34% from 33% in Q4 2017 and 27% in Q1 2017
- Net income of $3.9 million, or $0.26 per diluted share, includes $3.1 million in accrued anti-dumping penalties
- First quarter adjusted operating income* was $8.6 million; adjusted net income* was $7.2 million; adjusted net income per diluted share* was $0.49; and adjusted EBITDA* was $11.6 million
The above highlights could not pass unseen by the market and investors observed BOOM’s stock growth of 25.92% during the period from April 26 to April 29. The below chart illustrates this:
On April 26, 2018, I Know First issued a bullish 3 days forecast for DMC Global Inc (NASDAQ: BOOM). The forecast illustrated a signal of 6.50 and a predictability of 0.19. In accordance with the forecast, BOOM’s stock returned 25.92% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.
Current I Know First subscribers received this bullish BOOM forecast on April 26, 2018.
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DMC Global Inc. (NASDAQ: BOOM) engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries. It sells its products through direct sales personnel, program managers, and independent sales representatives. The DynaEnergetics segment designs, manufactures, markets, and sells perforating systems and associated hardware, as well as seismic explosives for the oil and gas industry. It also offers carrier tubes and charge tubes, shaped charges, detonating cords, detonators, control panels, and perforating products to oilfield service companies. This segment sells its products through direct selling, distributors, and independent sales representatives. The company was formerly known as Dynamic Materials Corporation and changed its name to DMC Global Inc. in November 2016. DMC Global Inc. was founded in 1965 and is headquartered in Boulder, Colorado.
Disclaimer
Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
