Smith-Midland Corp (NASDAQ: SMID) stock closed at $35.94 on 3/4/24 after a major decline of -18.8%. Moreover, trading volume in this decline was above average at 142% of normal. The stock has declined -19.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 100, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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