BOOM - DMC Global Inc.
| Previous close | 24.45 |
| Open | 24.45 |
| Bid | 0.98 x 800 |
| Ask | 34.79 x 1400 |
| Day's range | 24.04 - 25.10 |
| 52-week range | 20.15 - 65.10 |
| Volume | 75,870 |
| Avg. volume | 188,258 |
| Market cap | 370.108M |
| Beta (5Y monthly) | 1.10 |
| PE ratio (TTM) | 16.25 |
| EPS (TTM) | 1.54 |
| Earnings date | 23 Jul 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 30 Mar 2020 |
| 1y target est | 30.67 |
- Simply Wall St.
DMC Global Inc. (NASDAQ:BOOM) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at DMC Global's (NASDAQ:BOOM) recent performance, when its stock has declined...
- Bloomberg
The Lakers Got Federal Aid and Your Corner Shop Didn’t
(Bloomberg Opinion) -- In the pre-coronavirus days, the Los Angeles Lakers was one of the most valuable and profitable sports franchises on the planet. Forbes estimated last year that the team earned $147 million in 2018 and would fetch about $3.7 billion in a sale. A trust controlled by the children of the late Jerry Buss, a wealthy investor, owns a majority stake in the team. Other co-owners include Philip Anschutz, a billionaire with a broad portfolio of holdings in energy, real estate, media, entertainment and other industries; Edward Roski Jr., a successful commercial real estate developer; and Patrick Soon-Shiong, who owns the Los Angeles Times.The Lakers, as ESPN reported on Monday, received $4.6 million in bailout funds from the federal government as part of the $349 billion Paycheck Protection Program meant to backstop struggling small businesses sideswiped by Covid-19. The Lakers operation has fewer than 500 employees, which qualifies it as a small business under the government’s aid guidelines. But the Lakers hardly seem as immediately vulnerable, or without access to other resources, as, say, your corner grocer, baker, barber or dry cleaner. The Lakers, undoubtedly aware of a wave of recent disclosures about unlikely companies receiving PPP funds, told ESPN it returned the $4.6 million.The Lakers said it decided to disgorge the money after learning the entire $349 billion in federal aid was scooped up in two weeks, thereby leaving out tens of millions of other small businesses the team described as “most in need.” Indeed, only an insignificant percentage — 5% or less — of U.S. small businesses appear to have received funding from the problem-riddled program according to my own take on the data. And much of it, according to Bloomberg News, hasn’t even found its way to small businesses in regions most severely derailed by the coronavirus pandemic.Despite gaping holes in the program’s launch — or perhaps precisely because of them — the government had to approve a second, $380 billion round of funding last week. The doors opened to prospective small-business borrowers on the new round on Monday, and, like the first round, application and administrative problems erupted. Banks also took to social media to complain about all of the snafus they were encountering.The Treasury Department and the Small Business Administration have overseen the PPP program and haven’t provided enough public information about exactly which companies have received money and how they were screened. It bodes poorly for how effectively this new huge pool of funding will be deployed.“It is reckless for the Small Business Administration and Treasury Department to release a second round of funding before clarifying the major gaps and issues with the Paycheck Protection Program. The program still lacks clear terms for forgiveness, rules prohibiting banks from again prioritizing applications of larger clients, and guidance for new lenders to come online to the program,” the Main Street Alliance, an advocacy group for small businesses, said in a statement on Monday. “With funding likely to run out in 48 hours, it is ludicrous that Congress thinks it has done its job supporting small businesses.”Fortunately, a flow of valuable reporting in recent days has identified some questionable recipients of federal aid and offers a window into how haphazard and inequitable the PPP program already appears to be. Consider:NBC reported that its analysis of about 200 PPP recipients revealed at least a dozen examples of firms possibly leveraging relationships, gaming the program or overcoming problematic backgrounds to receive funding. That group includes Cinedigm Corp., an entertainment company controlled by a Chinese investment firm, and MiMedx Group, a skin-graft company repeatedly mired in law enforcement investigations. It also includes Hallador Energy, Crawford United and Flotek Industries, all of which have ties to the Trump administration and which collectively snared $18.3 million in PPP funds. (Hallador and Crawford didn’t respond to queries from NBC; Flotek said it didn’t take advantage of White House relationships to obtain funding.) The Associated Press reported that at least 94 PPP recipients were publicly traded companies with market values greater than $100 million. About a quarter of those companies had warned investors long before the coronavirus arrived that their fortunes had so soured that they might not be able to stay in business. The AP also said that its review “found examples of companies that had foreign owners and that were delisted from U.S. stock exchanges, or threatened with removal, because of their poor stock performance before the coronavirus hit. Other companies have had annual losses for years.” The Washington Post reported that AutoNation Inc., a national network of automobile dealers with 26,000 employees and a $3.2 billion market valuation, received $77 million in PPP funding. “AutoNation used separate tax identification numbers assigned to dozens of its more than 300 locations to apply for at least $266 million in funds for separate dealerships,” the Post reported. I’ve noted in an earlier column that a loophole in the $2.6 trillion federal bailout program would allow large chains and franchises that might not otherwise qualify as small businesses to apply for PPP aid on a store-by-store or location-by-location basis. The Wall Street Journal reported that dozens of publicly traded firms, including Accelerate Diagnostics Inc. and DMC Global Inc., received $500 million in PPP funds. The New York Times and Bloomberg News reported that a group of publicly traded luxury hotel companies controlled by lodging magnate and Trump donor Monty Bennett received more than $50 million in PPP aid. Bloomberg has also reported that IDT Corp., Universal Stainless and Lindblad Expeditions Holdings Inc. — all companies that have more than 500 employees — received nearly $27 million. (IDT said it’s returning the $10 million it received.) I wrote earlier about the complaints targeting Shake Shack Inc., Potbelly Corp. and Ruth’s Hospitality Group Inc. — all large restaurant chains — when they disclosed they had received PPP funding.All of this is just for starters. Much still seems to be amiss with the $729 billion avalanche of federal funds that have cascaded toward banks and small businesses, and we’ll undoubtedly learn of more problems now that we’ve entered the program’s second act. And we still don’t know whether federal aid it will have its desired effect: supporting workers left in the cold by the pandemic while also ensuring that the unprecedented crisis enveloping small businesses doesn’t become an apocalypse.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Timothy L. O'Brien is a senior columnist for Bloomberg Opinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
How Does DMC Global's (NASDAQ:BOOM) P/E Compare To Its Industry, After The Share Price Drop?
Unfortunately for some shareholders, the DMC Global (NASDAQ:BOOM) share price has dived 43% in the last thirty days...
- Simply Wall St.
DMC Global (NASDAQ:BOOM) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- Zacks
DMC Global (BOOM) Q4 Earnings Preview: What's in the Cards?
DMC Global (BOOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Do You Like DMC Global Inc. (NASDAQ:BOOM) At This P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
- Zacks
New Strong Sell Stocks for January 14th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Simply Wall St.
How Should Investors React To DMC Global Inc.'s (NASDAQ:BOOM) CEO Pay?
Kevin Longe became the CEO of DMC Global Inc. (NASDAQ:BOOM) in 2013. This report will, first, examine the CEO...
- Zacks
New Strong Sell Stocks for January 7th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- Zacks
DMC Global Cuts Q4 View on Dim Prospects for DynaEnergetics
DMC Global (BOOM) lowers outlook for fourth-quarter 2019 on steep fall in well completion activity in North America.
- Simply Wall St.
What Can We Make Of DMC Global Inc.’s (NASDAQ:BOOM) High Return On Capital?
Today we'll look at DMC Global Inc. (NASDAQ:BOOM) and reflect on its potential as an investment. In particular, we'll...
- Zacks
SiteOne (SITE) Stock Rises 63% YTD: What's Driving the Rally?
SiteOne (SITE) rises on solid demand for products, commercial and operational actions, acquired assets, and outlook.
- Simply Wall St.
I Ran A Stock Scan For Earnings Growth And DMC Global (NASDAQ:BOOM) Passed With Ease
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
- Simply Wall St.
Did Business Growth Power DMC Global's (NASDAQ:BOOM) Share Price Gain of 296%?
While DMC Global Inc. (NASDAQ:BOOM) shareholders are probably generally happy, the stock hasn't had particularly good...
- Zacks
DMC Global (BOOM) Q3 Earnings Top Estimates
DMC Global (BOOM) delivered earnings and revenue surprises of 12.50% and -0.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
DMC Global (BOOM) Reports Next Week: Wall Street Expects Earnings Growth
DMC Global (BOOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
DMC Global Inc. (NASDAQ:BOOM) Delivered A Better ROE Than Its Industry
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- Zacks
Is DMC Global (BOOM) a Profitable Pick for Value Investors Now?
Let's see if DMC Global (BOOM) stock is a good choice for value-oriented investors right now from multiple angles.
- Simply Wall St.
Is There An Opportunity With DMC Global Inc.'s (NASDAQ:BOOM) 39% Undervaluation?
In this article we are going to estimate the intrinsic value of DMC Global Inc. (NASDAQ:BOOM) by projecting its future...
- Zacks
Industrial Services Industry Outlook: Prospects Gloomy
Industrial Services Industry Outlook: Prospects Gloomy
- Simply Wall St.
Here's Why DMC Global (NASDAQ:BOOM) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- Motley Fool
Why DMC Global Stock Dropped 14% Today
When earnings beat meets guidance warning -- it's guidance that wins.
- Motley Fool
DMC Global Inc. (BOOM) Q2 2019 Earnings Call Transcript
BOOM earnings call for the period ending June 30, 2019.
- Zacks
DMC Global (BOOM) Beats Q2 Earnings and Revenue Estimates
DMC Global (BOOM) delivered earnings and revenue surprises of 32.95% and 5.72%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
