Smith-Midland Corp (NASDAQ: SMID) stock suffered a major decline of -13.5% on 6/24/24. The shares closed at $29.05. Moreover, trading volume in this decline was exceptionally high at 228% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -20.9% during the last week.
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). 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 4 but a very high Power Rating of 97, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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