NASDAQ:SHIM

Shimmick (SHIM) Stock Price, News & Analysis

$4.03
-0.05 (-1.23%)
(As of 04/26/2024 ET)
Today's Range
$3.93
$4.44
50-Day Range
$2.25
$7.47
52-Week Range
$2.15
$7.99
Volume
387,257 shs
Average Volume
199,891 shs
Market Capitalization
$103.09 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.50

Shimmick MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
160.5% Upside
$10.50 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.16mentions of Shimmick in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.09) to $0.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.52 out of 5 stars

Business Services Sector

240th out of 306 stocks

Heavy Construction, Except Building Construction - Contractors Industry

7th out of 9 stocks

SHIM stock logo

About Shimmick Stock (NASDAQ:SHIM)

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc. and changed its name to Shimmick Corporation in September 2023. Shimmick Corporation was founded in 1990 and is headquartered in Irvine, California. Shimmick Corporation operates as a subsidiary of GOHO, LLC.

SHIM Stock Price History

SHIM Stock News Headlines

Shimmick (NASDAQ:SHIM) Trading 36% Higher
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Shimmick Shares Fall 11% After 4Q Revenue Drops
JL J-Long Group Limited
Shimmick (SHIM) Earnings Dates & Reports
Shimmick Corp SHIM
Shimmick Corp. Announces Third Quarter 2023 Results
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
4/27/2024
Next Earnings (Estimated)
6/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
N/A
Current Symbol
NASDAQ:SHIM
Previous Symbol
NASDAQ:SHIM
Fax
N/A
Employees
1,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.50
High Stock Price Target
$12.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+160.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$632.81 million
Cash Flow
$1.00 per share
Book Value
$2.77 per share

Miscellaneous

Free Float
N/A
Market Cap
$103.09 million
Optionable
N/A
Beta
N/A
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SHIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Shimmick stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shimmick in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SHIM shares.
View SHIM analyst ratings
or view top-rated stocks.

What is Shimmick's stock price target for 2024?

3 brokers have issued 12-month target prices for Shimmick's stock. Their SHIM share price targets range from $9.00 to $12.00. On average, they expect the company's share price to reach $10.50 in the next year. This suggests a possible upside of 160.5% from the stock's current price.
View analysts price targets for SHIM
or view top-rated stocks among Wall Street analysts.

How have SHIM shares performed in 2024?

Shimmick's stock was trading at $6.60 at the start of the year. Since then, SHIM shares have decreased by 38.9% and is now trading at $4.03.
View the best growth stocks for 2024 here
.

Are investors shorting Shimmick?

Shimmick saw a increase in short interest in April. As of April 15th, there was short interest totaling 51,400 shares, an increase of 31.5% from the March 31st total of 39,100 shares. Based on an average trading volume of 63,100 shares, the short-interest ratio is currently 0.8 days. Currently, 2.7% of the company's shares are sold short.
View Shimmick's Short Interest
.

When is Shimmick's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 27th 2024.
View our SHIM earnings forecast
.

How were Shimmick's earnings last quarter?

Shimmick Co. (NASDAQ:SHIM) posted its quarterly earnings data on Thursday, March, 28th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.51. The company had revenue of $138.06 million for the quarter, compared to analyst estimates of $159.50 million.

When did Shimmick IPO?

Shimmick (SHIM) raised $51 million in an initial public offering on Tuesday, November 14th 2023. The company issued 4,600,000 shares at a price of $10.00-$12.00 per share. Roth Capital Partners acted as the underwriter for the IPO and Craig-Hallum Group was co-manager.

When does Shimmick's lock-up period expire?

Shimmick's lock-up period expires on Monday, May 13th. Shimmick had issued 3,575,000 shares in its public offering on November 14th. The total size of the offering was $25,025,000 based on an initial share price of $7.00. After the expiration of Shimmick's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Who are Shimmick's major shareholders?

Shimmick's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sanders Morris Harris LLC (2.20%).

How do I buy shares of Shimmick?

Shares of SHIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SHIM) was last updated on 4/28/2024 by MarketBeat.com Staff

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