Recent exceptional positive changes in investment behavior have benefitted Smith-Midland Corp (NASDAQ: SMID): the stock rose on very heavy volume, and positive upside/downside volume developed.
Important positive changes in fundamentals have recently occurred for Smith-Midland Corp (NASDAQ: SMID): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SMID is expected to be Value Creation neutral.
Smith-Midland has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Smith-Midland has a very low Appreciation Score of 3 but a very high Power Rating of 99, triggering the Neutral Value Trend Rating.
Recent Price Action
Smith-Midland Corp (NASDAQ: SMID) stock closed at $40.57 on 1/4/24 after a large increase of 4.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 213% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.8% during the last week.
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