There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SHIM is 1.91M, and at present, short sellers hold a 2.05% of that float. The average trading volume of SHIM on April 23, 2024 was 29.37K shares.
SHIM) stock’s latest price update
Shimmick Corp. (NASDAQ: SHIM)’s stock price has plunge by -23.73relation to previous closing price of 2.95. Nevertheless, the company has seen a -39.84% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-26 that IRVINE, Calif., March 26, 2024 (GLOBE NEWSWIRE) — Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a leading water infrastructure company, today announced that the company will release its fourth quarter and fiscal year 2023 results before the market open on Thursday, March 28, 2024, to be followed by a conference call at 8:30 a.m. (Eastern Time) on the same day.
SHIM’s Market Performance
SHIM’s stock has fallen by -39.84% in the past week, with a monthly drop of -67.81% and a quarterly drop of -64.84%. The volatility ratio for the week is 19.68% while the volatility levels for the last 30 days are 12.32% for Shimmick Corp. The simple moving average for the last 20 days is -49.76% for SHIM stock, with a simple moving average of -62.34% for the last 200 days.
Analysts’ Opinion of SHIM
Many brokerage firms have already submitted their reports for SHIM stocks, with ROTH MKM repeating the rating for SHIM by listing it as a “Buy.” The predicted price for SHIM in the upcoming period, according to ROTH MKM is $10 based on the research report published on December 11, 2023 of the previous year 2023.
Craig Hallum, on the other hand, stated in their research note that they expect to see SHIM reach a price target of $12. The rating they have provided for SHIM stocks is “Buy” according to the report published on December 11th, 2023.
SHIM Trading at -59.83% from the 50-Day Moving Average
After a stumble in the market that brought SHIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.84% of loss for the given period.
Volatility was left at 12.32%, however, over the last 30 days, the volatility rate increased by 19.68%, as shares sank -67.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.05% lower at present.
During the last 5 trading sessions, SHIM fell by -39.84%, in comparison to the 20-day moving average, which settled at $4.24. In addition, Shimmick Corp. saw -65.91% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SHIM
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.04 for the gross margin
The net margin for Shimmick Corp. stands at -0.0. The total capital return value is set at 0.01.
Based on Shimmick Corp. (SHIM), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24.
Currently, EBITDA for the company is -56.47 million with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.08. The receivables turnover for the company is 2.77for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, Shimmick Corp. (SHIM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
