Extremely important positive changes in investment behavior have recently occurred for Smith-Midland Corp (NASDAQ: SMID): its shorter term price trend turned up, and positive upside/downside volume developed.
Smith-Midland Corp (NASDAQ: SMID). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
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 highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Smith-Midland has a very low Power Rating of 13 and a very low Appreciation Score of 5, and the Lowest Value Trend Rating results.
Recent Price Action
On 10/11/24, Smith-Midland Corp (NASDAQ: SMID) stock rose slightly by 0.03%, closing at $34.61. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months but has risen 11.1% during the last week.
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