NASDAQ:SHIM

Shimmick (SHIM) Stock Price, News & Analysis

$1.70
+0.18 (+11.84%)
(As of 05/17/2024 ET)
Today's Range
$1.55
$1.72
50-Day Range
$1.52
$7.47
52-Week Range
$1.49
$7.99
Volume
129,282 shs
Average Volume
77,874 shs
Market Capitalization
$43.66 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.75

Shimmick MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
120.6% Upside
$3.75 Price Target
Short Interest
Bearish
8.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.36mentions of Shimmick in the last 14 days
Based on 18 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.

0.91 out of 5 stars

Business Services Sector

280th out of 317 stocks

Heavy Construction, Except Building Construction - Contractors Industry

9th out of 11 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

Craig Hallum Downgrades Shimmick (NASDAQ:SHIM) to Hold
Shimmick (NASDAQ:SHIM) Lowered to Neutral at Roth Mkm
Shimmick (NASDAQ:SHIM) Downgraded by Roth Capital
Shimmick (SHIM) to Release Earnings on Monday
Shimmick Shares Fall 11% After 4Q Revenue Drops
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
5/17/2024
Next Earnings (Estimated)
8/12/2024
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
$3.75
High Stock Price Target
$4.00
Low Stock Price Target
$3.50
Potential Upside/Downside
+120.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$632.81 million
Cash Flow
$0.90 per share
Book Value
$2.77 per share

Miscellaneous

Free Float
N/A
Market Cap
$43.66 million
Optionable
N/A
Beta
N/A
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Key Executives

  • Mr. Steven E Richards (Age 64)
    CEO & Director
    Comp: $809k
  • Mr. Devin J. Nordhagen (Age 41)
    Executive VP & CFO
    Comp: $501.48k
  • Mr. Mitchell B. Goldsteen
    Executive Chairman
  • Mr. Andrew Sloane P.E.
    President
  • Mr. John P. Carpenter
    Executive VP & General Counsel

SHIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Shimmick stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shimmick in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHIM, but not buy additional shares or sell existing shares.
View SHIM analyst ratings
or view top-rated stocks.

What is Shimmick's stock price target for 2024?

3 Wall Street research analysts have issued 12-month target prices for Shimmick's shares. Their SHIM share price targets range from $3.50 to $4.00. On average, they expect the company's share price to reach $3.75 in the next twelve months. This suggests a possible upside of 120.6% 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 beginning of the year. Since then, SHIM stock has decreased by 74.2% and is now trading at $1.70.
View the best growth stocks for 2024 here
.

When is Shimmick's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024.
View our SHIM earnings forecast
.

How were Shimmick's earnings last quarter?

Shimmick Co. (NASDAQ:SHIM) posted its earnings results 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 earned $138.06 million during the quarter, compared to the consensus estimate of $159.50 million.

When did Shimmick IPO?

Shimmick (SHIM) raised $51 million in an initial public offering (IPO) 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 did the company's lock-up period expire?

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

Who are Shimmick's major shareholders?

Shimmick's stock is owned by many different retail and institutional investors. Top institutional investors include Sanders Morris Harris LLC (2.20%), Pacific Ridge Capital Partners LLC (1.50%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.39%).

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 5/18/2024 by MarketBeat.com Staff

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