On this page of Benford's Law Stocks.com we present our study of SMITH MIDLAND CORP — ticker symbol SMID. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/26/2020 to 6/11/2024 for SMITH MIDLAND CORP under CIK number 0000924719. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SMID, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for SMITH MIDLAND CORP based on the past SMID filings our system processed in the past.
27.1
18.0
9.5
8.8
14.1
7.5
3.9
8.8
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 306
Recent share count: 5,266,401 (5's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
306
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 3 numbers to move any given column by a full percentage point.
53

Starting from a possible score of 100, we made the following score deductions:
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 5, we canceled the penalty multiplier.
 • We deducted points upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the typical coverage universe range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the company's typical historical range.
 • We deducted points upon observing the 9's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was below the company's typical historical range.
Benford's Law Stocks Indicator
SMID
Low score compared to other filers, falling in the bottom quartile.
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Check our work! We provide our SMITH MIDLAND CORP Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SMID filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 83 numbers that start with the digit 1. Here they are:
1000000
17,209
1,246
1,266
1,900
1,203
17,387
16,018
1,650
1,651
1,000,000
102
102
10,752
1,120
16,756
12,842
12,845
10,676
1,549
1,350
1,509
1,504
103
1,147
102
1,147
1,147
102
102
102
1,147
147
1
1
1,800
112
1,544
1,801
1,173
1,069
1,648
148
171
1,757
1,555
1,795
1,164
1,440
1,082
157
153
157
153
16,112
13,685
1,251
1,310
147
1,046
1,281
1,751
1,205
1,734
1,039
1,007
1,679
1,248
10,752
1,120
16,756
12,842
10
10
1,147
1,147
1,344
1,751
10,000
1,500
1,500
12.07
12.07
We found 55 numbers that start with the digit 2. Here they are:
20,055
2,939
2,329
2,821
28,826
27,680
2,717
2,950
2,779
2
29,540
27,187
27,542
26,395
2,166
2,402
2,112
25
23
22
21
26,395
27,542
25,664
25,681
2,993
20
2
22
2,374
2,790
2,099
2,052
2,534
27
2,779
2,950
2,494
2,980
2,759
275
260
20
22
21
22
27
2,805
21
2,510
2.90
24
2,000
2,000
29
We found 29 numbers that start with the digit 3. Here they are:
35,690
33,325
337
343
3,217
34
35,313
34,161
3,069
3,911
3
357
34,161
35,313
33,055
33,157
352
392
332
358
355
3,936
304
321
3,069
34
3.64
3.99
3.99
4's 5's 6's
We found 27 numbers that start with the digit 4. Here they are:
40920
4,012
473
43
4,424
4,931
40,920
411
4,536
44
49
40,920
40,920
40,920
40,920
433
4
409
411
4,536
4,600
41
4.09
40,278
42,278
40,278
42,278
We found 43 numbers that start with the digit 5. Here they are:
5,296,659
525
5,572
5,092
5,349,599
5,349,599
5,308,679
5,308,679
54
54
575
54
5
5,309
5,256
5,350
5,290
5,349,599
54
5
5
5,349,599
54
5,345,189
53
5,345,189
53
594
5
54
59
525
575
5,309
5,256
5,309
5,256
5,350
5,290
5,000
5,000
5,000
5
We found 23 numbers that start with the digit 6. Here they are:
6,801
637
64,853
61,348
6,944
640
636
64,853
61,348
60
64
6
63
63
641
624
6,726
6,801
60
64
637
6
6,004
7's 8's 9's
We found 12 numbers that start with the digit 7. Here they are:
7,336
7,819
7,814
762
7,814
7,819
7,440
7,525
70
777
737
705
We found 27 numbers that start with the digit 8. Here they are:
8000000
806
831
871
831
8,000,000
8,242
893
853
8
82
80
85
85
80
80
80
82
85
82
806
806
8,242
893
80
80
85
We found 7 numbers that start with the digit 9. Here they are:
9,175
953
92
9,175
990
953
953
While the above SMID 10Q Filed 6/11/2024 is interesting in isolation, we have found that it is also useful to take a look at older SMITH MIDLAND CORP filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 6/11/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SMID 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

27.1
18.0
9.5
8.8
14.1
7.5
3.9
8.8
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 53
XBRL?   [ original filing ]
Total numbers found: 306

= Typical SMID range from 3/26/2020 to 6/11/2024
30.5
16.8
8.7
5.8
14.1
7.5
8.5
3.7
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 68
XBRL?   [ original filing ]
Total numbers found: 482

= Typical SMID range from 3/26/2020 to 6/11/2024
28.2
19.2
9.3
9.3
14.8
4.7
5.2
5.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 515

= Typical SMID range from 3/26/2020 to 6/11/2024
24.7
22.2
10.0
11.3
11.5
5.2
6.9
5.6
2.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 478

= Typical SMID range from 3/26/2020 to 6/11/2024
23.9
21.0
9.7
8.6
12.6
7.8
7.6
4.4
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 476

= Typical SMID range from 3/26/2020 to 6/11/2024
26.5
18.5
9.8
9.5
14.2
6.2
5.8
5.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 325

= Typical SMID range from 3/26/2020 to 6/11/2024
32.4
14.8
10.2
8.4
12.9
7.3
5.6
3.8
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 479

= Typical SMID range from 3/26/2020 to 6/11/2024
32.9
18.5
13.4
10.9
9.4
3.9
4.2
4.1
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,035

= Typical SMID range from 3/26/2020 to 6/11/2024
27.9
17.6
10.5
7.5
16.4
4.3
7.9
4.3
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 506

= Typical SMID range from 3/26/2020 to 6/11/2024
24.1
21.5
8.3
10.3
12.7
7.7
7.2
4.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 456

= Typical SMID range from 3/26/2020 to 6/11/2024
27.7
15.7
10.5
15.4
15.4
4.6
4.0
3.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL?   [ original filing ]
Total numbers found: 325

= Typical SMID range from 3/26/2020 to 6/11/2024
34.0
17.2
13.1
10.3
11.4
3.1
4.2
3.3
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 1,006

= Typical SMID range from 3/26/2020 to 6/11/2024
 

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