In last trading session, Shimmick Corp (NASDAQ:SHIM) saw 0.33 million shares changing hands with its beta currently measuring 0.28. Company’s recent per share price level of $2.16 trading at $0.06 or 3.10% at ring of the bell on the day assigns it a market valuation of $73.17M. That closing price of SHIM’s stock is at a discount of -269.91% from its 52-week high price of $7.99 and is indicating a premium of 31.94% from its 52-week low price of $1.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 33650.0 shares which gives us an average trading volume of 30.64K if we extend that period to 3-months.
For Shimmick Corp (SHIM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.35 in the current quarter.
Shimmick Corp (NASDAQ:SHIM) trade information
Upright in the green during last session for gaining 3.10%, in the last five days SHIM remained trading in the green while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $2.16 price level, adding 4.0% to its value on the day. Shimmick Corp’s shares saw a change of -67.20% in year-to-date performance and have moved 0.70% in past 5-day. Shimmick Corp (NASDAQ:SHIM) showed a performance of 23.71% in past 30-days. Number of shares sold short was 42111.0 shares which calculate 2.31 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.75 to the stock, which implies a rise of 42.4% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -62.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -62.04% for stock’s current value.
Shimmick Corp (SHIM) estimates and forecasts
Statistics highlight that Shimmick Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 9.34% of value to its shares in past 6 months, showing an annual growth rate of -585.42% while that of industry is 13.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -21.68% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 118.9M for the same. And 2 analysts are in estimates of company making revenue of 111.75M in the next quarter. Company posted 138.06M and 120.04M of sales in current and next quarters respectively a year earlier.
