Smith-Midland Corp (NASDAQ: SMID) stock closed at $35.96 on 9/13/24 after a major increase of 10.1%. Moreover, this advance was accompanied by unusually high trading volume at 159% of normal. The stock has risen 20.8% during the last week but 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Smith-Midland has a very low Power Rating of 14 and a very low Appreciation Score of 5, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this very positive 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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