Smith-Midland Corp (NASDAQ: SMID) has benefited from extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
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 F. We would view the shares with optimism pending completion of this review in the next several days.
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, producing the Lowest Value Trend Rating.
Recent Price Action
Smith-Midland Corp (NASDAQ: SMID) stock closed at $36.62 on 9/17/24 after a very large increase of 6.9%. Moreover, trading volume in this advance was above average at 147% of normal. The stock has risen 19.8% during the last week but has been weak relative to the market over the last nine months.
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