Smith-Midland Corp (NASDAQ: SMID) stock closed at $40.13 on 3/15/24 after a major increase of 15.3%. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 27.4% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. 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 very positive 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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