BOOM - DMC Global To Face Rising Competition With A Better Product And Strong Balance Sheet
DMC Global Is Still In A Bear Grip
In the short-term, the challenge for DMC Global (BOOM) is to wriggle out the lost market share from competitors after reduced upstream capex budget and lower completions well count induced its customers to opt for cheaper products in the market. I do not expect the stock price to show steady improvement in the short-term. However, over the medium-to-long-term, I expect the company to improve margin and sales because of its competitive advantages in the perforating gun systems and automated shaped charge manufacturing.
BOOM's debt-to-equity ratio