The stock of Shimmick Corp (SHIM) has gone up by 27.37% for the week, with a -10.94% drop in the past month and a -42.13% drop in the past quarter. The volatility ratio for the week is 11.46%, and the volatility levels for the past 30 days are 8.52% for SHIM. The simple moving average for the past 20 days is 5.19% for SHIM’s stock, with a -36.48% simple moving average for the past 200 days.
Is It Worth Investing in Shimmick Corp (NASDAQ: SHIM) Right Now?
Additionally, the 36-month beta value for SHIM is -0.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SHIM is 2.83M and currently, short sellers hold a 1.31% ratio of that float. The average trading volume of SHIM on November 05, 2024 was 50.76K shares.
SHIM) stock’s latest price update
Shimmick Corp (NASDAQ: SHIM)’s stock price has plunge by 15.74relation to previous closing price of 1.97. Nevertheless, the company has seen a 27.37% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-04 that Resolves Last Major Outstanding Claim, Updates Transformation Plan and Provides Certain Preliminary Financial Results of the Third Quarter of Fiscal 2024 Resolves Last Major Outstanding Claim, Updates Transformation Plan and Provides Certain Preliminary Financial Results of the Third Quarter of Fiscal 2024
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 “Neutral.” The predicted price for SHIM in the upcoming period, according to ROTH MKM is $3.50 based on the research report published on May 14, 2024 of the current year 2024.
ROTH MKM gave a rating of “Buy” to SHIM, setting the target price at $10 in the report published on December 11th of the previous year.
SHIM Trading at -9.53% 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 -71.46% of loss for the given period.
Volatility was left at 8.52%, however, over the last 30 days, the volatility rate increased by 11.46%, as shares sank -12.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.21% lower at present.
During the last 5 trading sessions, SHIM rose by +27.37%, which changed the moving average for the period of 200-days by -63.98% in comparison to the 20-day moving average, which settled at $2.1700. In addition, Shimmick Corp saw -65.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHIM starting from Herron J Brendan, who purchase 10,000 shares at the price of $3.05 back on Aug 22 ’24. After this action, Herron J Brendan now owns 68,880 shares of Shimmick Corp, valued at $30,500 using the latest closing price.
Herron J Brendan, the Director of Shimmick Corp, purchase 4,371 shares at $2.99 during a trade that took place back on Aug 21 ’24, which means that Herron J Brendan is holding 58,880 shares at $13,069 based on the most recent closing price.
Stock Fundamentals for SHIM
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- -0.06 for the gross margin
The net margin for Shimmick Corp stands at -0.13. The total capital return value is set at -0.76.
Based on Shimmick Corp (SHIM), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at -1.41. The debt to equity ratio resting at 55.71. The interest coverage ratio of the stock is -40.03.
Currently, EBITDA for the company is -56.47 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The receivables turnover for the company is 3.12for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Shimmick Corp (SHIM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
