Shimmick Corp (NASDAQ:SHIM)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 0.30. At the close of trading, the stock’s price was $3.12, to imply an increase of 7.96% or $0.23 in intraday trading. The SHIM share’s 52-week high remains $7.99, putting it -156.09% down since that peak but still an impressive 52.88% since price per share fell to its 52-week low of $1.47. The company has a valuation of $105.44M, with an average of 2.5 million shares in intraday trading volume over the past 10 days and average of 423.22K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Shimmick Corp (SHIM), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give SHIM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.35.
Shimmick Corp (NASDAQ:SHIM) trade information
After registering a 7.96% upside in the last session, Shimmick Corp (SHIM) has traded red over the past five days. The 5-day price performance for the stock is 33.04%, and 51.46% over 30 days. With these gigs, the year-to-date price performance is -52.73%. Short interest in Shimmick Corp (NASDAQ:SHIM) saw shorts transact 42111.0 shares and set a 2.31 days time to cover.
The extremes give us $3.5 and $4 for target low and target high price respectively. As such, SHIM has been trading -28.21% off suggested target high and -12.18% from its likely low.
Shimmick Corp (SHIM) estimates and forecasts
Looking at statistics comparing Shimmick Corp share performance against respective industry, we note that the company has underperformed competitors. Shimmick Corp (SHIM) shares are 75.28% up over the last 6 months, with its year-to-date growth rate lower than industry average at -585.42% against 12.20%. The rating firms project that company’s revenue will shrink -21.68% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 118.9M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 111.75M.Earnings reports from the last fiscal year show that sales brought in 138.06M and 120.04M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -13.88% before dropping -6.91% in the following quarter.
SHIM Dividends
Shimmick Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
