Smith-Midland Corp (NASDAQ: SMID) stock closed at $35.81 on 8/23/24 after a major increase of 13.8%. Moreover, exceptionally high trading volume at 201% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 12.0% 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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Smith-Midland has a slightly negative Power Rating of 38 and a very low Appreciation Score of 4, producing 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.
Be the first to comment