Smith-Midland Corp (NASDAQ: SMID) stock closed at $36.06 on 5/28/24 after a major increase of 11.3%. Moreover, trading volume in this advance was above average at 146% of normal. The stock has declined -3.8% during the last week but has been exceptionally strong 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 C (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 4 but a very high Power Rating of 99, producing 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.
Be the first to comment