Alert: Positive Investment/Fundamental Signals (11/2/23)-Smith-Midland Corp (NASDAQ: SMID)


Smith-Midland Corp (NASDAQ: SMID). Significant positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Smith-Midland Corp (NASDAQ: SMID) has recently enjoyed meaningful positive changes in investment behavior: its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, SMID is expected to be a modest Value Eraser.

Smith-Midland has a current Value Trend Rating of D (Negative). 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 5 but a good Power Rating of 82, with the Negative Value Trend Rating the result.

Recent Price Action

On 11/2/23, Smith-Midland Corp (NASDAQ: SMID) stock increased 1.4%, closing at $20.39. Relative to the market the stock has been strong over the last nine months and has risen 2.7% during the last week.

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