Smith-Midland Corp (NASDAQ: SMID) stock closed at $40.31 on 3/25/24 after a major decline of -12.3%. Moreover, trading volume in this decline was unusually high at 165% of normal. The stock is unchanged during the last week and 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Smith-Midland has a very low Appreciation Score of 3 but a very high Power Rating of 100, triggering 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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