Smith-Midland Corp (NASDAQ: SMID) stock closed at $29.57 on 8/5/24 after a major decline of -10.4%. However, unusually low trading volume at 60% of normal accompanied the decline. The stock has declined -14.8% during the last week and has been weak relative to the market over the last nine months.
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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Smith-Midland has a neutral Power Rating of 47 but a very low Appreciation Score of 4, leading to the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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