Shimmick Corp [SHIM] stock is trading at $2.97, up 8.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SHIM shares have gain 16.00% over the last week, with a monthly amount glided 38.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Shimmick Corp [NASDAQ: SHIM] stock has seen the most recent analyst activity on May 14, 2024, when ROTH MKM downgraded its rating to a Neutral and also revised its price target to $3.50 from $9. Previously, Craig Hallum downgraded its rating to Hold on May 14, 2024. On December 11, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $10 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $12 on December 11, 2023.
Shimmick Corp [SHIM] stock has fluctuated between $1.47 and $7.99 over the past year. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Shimmick Corp [NASDAQ: SHIM] shares were valued at $2.97 at the most recent close of the market. An investor can expect a potential return of 26.26% based on the average SHIM price forecast.
Analyzing the SHIM fundamentals
Shimmick Corp [NASDAQ:SHIM] reported sales of 514.75M for the trailing twelve months, which represents a drop of -5.37%. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -3.68 and Total Capital is -1.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 35.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.83 points at the first support level, and at 2.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.04, and for the 2nd resistance point, it is at 3.11.
Ratios To Look Out For
For context, Shimmick Corp’s Current Ratio is 0.80. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 86.44.
Transactions by insiders
Recent insider trading involved Goldsteen Mitchell B., Director, that happened on Dec 03 ’24 when 0.33 million shares were sold. Affiliate, Goldsteen Mitchell B. completed a deal on Dec 03 ’24 to buy 0.33 million shares. Meanwhile, Director Herron J Brendan bought 10000.0 shares on Aug 22 ’24.
