In the last trading session, 20.7 million Shimmick Corp (NASDAQ:SHIM) shares changed hands as the company’s beta touched 0.26. With the company’s per share price at $3.01 changed hands at $0.21 or 7.50% during last session, the market valuation stood at $101.73M. SHIM’s last price was a discount, traded about -165.45% off its 52-week high of $7.99. The share price had its 52-week low at $1.47, which suggests the last value was 51.16% up since then. When we look at Shimmick Corp’s average trading volume, we note the 10-day average is 0.27 million shares, with the 3-month average coming to 68.80K.
Analysts gave the Shimmick Corp (SHIM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SHIM as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Shimmick Corp’s EPS for the current quarter is expected to be -0.35.
Shimmick Corp (NASDAQ:SHIM) trade information
Instantly SHIM was in green as seen at the end of in last trading. With action 40.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -54.39%, with the 5-day performance at 40.98% in the green. However, in the 30-day time frame, Shimmick Corp (NASDAQ:SHIM) is 52.79% up. Looking at the short shares, we see there were 42111.0 shares sold at short interest cover period of 2.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 19.73% from its current market value. According to analyst projections, SHIM’s forecast low is 3.5 with 4 as the target high. To hit the forecast high, the stock’s price needs a -32.89% plunge from its current level, while the stock would need to soar -16.28% for it to hit the projected low.
Shimmick Corp (SHIM) estimates and forecasts
Data shows that the Shimmick Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 65.38% over the past 6 months, a -585.42% in annual growth rate that is considerably lower than the industry average of 13.10%. Year-over-year growth is forecast to reach -21.68% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 118.9M. 2 analysts are of the opinion that Shimmick Corp’s revenue for the current quarter will be 111.75M. The company’s revenue for the corresponding quarters a year ago was 138.06M and 120.04M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.88%. The estimates for the next quarter sales put growth at -6.91%.
The 2024 estimates are for Shimmick Corp earnings to decrease by -563.54%.
SHIM Dividends
Shimmick Corp is expected to release its next quarterly earnings report in January.
