Moreover, the 36-month beta value for SHIM is 0.76. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SHIM is 2.84M and currently, short sellers hold a 2.30% of that float. On December 03, 2024, SHIM’s average trading volume was 36.37K shares.
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SHIM) stock’s latest price update
Shimmick Corp (NASDAQ: SHIM)’s stock price has gone rise by 19.40 in comparison to its previous close of 2.35, however, the company has experienced a 33.33% increase in its stock price over the last five trading days. globenewswire.com reported 2024-12-02 that IRVINE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) — Shimmick Construction Company, Inc. (“Shimmick”) (Nasdaq:SHIM), a leading water and critical infrastructure builder, today announce that it has been awarded a $45.4 million contract to complete extensive seismic retrofitting and improvements to the Murray Street Bridge at the Santa Cruz Small Craft Harbor. The project will improve the bridge’s seismic resilience while enhancing accessibility for cyclists and pedestrians.
SHIM’s Market Performance
Shimmick Corp (SHIM) has experienced a 33.33% rise in stock performance for the past week, with a 38.61% rise in the past month, and a -13.04% drop in the past quarter. The volatility ratio for the week is 13.22%, and the volatility levels for the past 30 days are at 10.73% for SHIM. The simple moving average for the past 20 days is 28.34% for SHIM’s stock, with a -12.71% simple moving average for the past 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 “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 23.88% 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 -64.96% of loss for the given period.
Volatility was left at 10.73%, however, over the last 30 days, the volatility rate increased by 13.22%, as shares surge +42.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.41% lower at present.
During the last 5 trading sessions, SHIM rose by +33.33%, which changed the moving average for the period of 200-days by -54.32% in comparison to the 20-day moving average, which settled at $2.18. In addition, Shimmick Corp saw -57.58% 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:
- -0.19 for the present operating margin
- -0.07 for the gross margin
The net margin for Shimmick Corp stands at -0.2. The total capital return value is set at -1.39. Equity return is now at value -295.34, with -25.82 for asset returns.
Based on Shimmick Corp (SHIM), the company’s capital structure generated 0.97 points at debt to capital in total, while cash flow to debt ratio is standing at -2.24. The debt to equity ratio resting at 35.25. The interest coverage ratio of the stock is -27.43.
Currently, EBITDA for the company is -24.63 million with net debt to EBITDA at -0.38. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 2.84for trailing twelve months and the total asset turnover is 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
To wrap up, the performance of Shimmick Corp (SHIM) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
