Alert: Major Price Advance (11/9/23)-Smith-Midland Corp (NASDAQ: SMID).


Smith-Midland Corp (NASDAQ: SMID) stock enjoyed a major increase of 11.4% on 11/9/23. The shares closed at $22.62. The stock has been strong relative to the market over the last nine months and has risen 12.5% during the last week.


Current PriceTarget Research Rating

SMID’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.

Smith-Midland has a current Value Trend Rating of C (Low 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 5 but a good Power Rating of 84, producing the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive 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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