Smith-Midland Corp (NASDAQ: SMID) stock enjoyed a major increase of 12.2% on 8/15/24. The shares closed at $31.97. However, exceptionally low trading volume at 39% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 14.4% 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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Smith-Midland has a neutral Power Rating of 41 but a very low Appreciation Score of 5, triggering 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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