Smith-Midland Corp (NASDAQ: SMID) stock enjoyed a major increase of 10.9% on 7/16/24. The shares closed at $33.01. However, this advance was accompanied by exceptionally low trading volume at 42% of normal. The stock has been strong relative to the market over the last nine months and has risen 17.8% during the last week.
Current PriceTarget Research Rating
SMID is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Smith-Midland has a current Value Trend Rating of C (Low 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 5 but a good Power Rating of 81, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment