Extremely important positive changes in investment behavior have recently occurred for Smith-Midland Corp (NASDAQ: SMID): the stock rose on very heavy volume, and its shorter term price trend turned up.
Smith-Midland Corp (NASDAQ: SMID). Significant positive changes in fundamentals have recently occurred: 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
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.
Recent Price Action
Smith-Midland Corp (NASDAQ: SMID) stock closed at $45.94 on 3/22/24 after a large increase of 3.6%. Moreover, trading volume in this advance was exceptionally high at 264% of normal. The stock has risen 32.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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