Shimmick (SHIM) Stock Price, News & Analysis

Company Overview

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc. and changed its name to Shimmick Corporation in September 2023. Shimmick Corporation was founded in 1990 and is headquartered in Irvine, California. Shimmick Corporation operates as a subsidiary of GOHO, LLC.

Key Stats

• Today's Range: $2.18 to $2.46
• 50-Day Range: $1.75 to $3.12
• 52-Week Range: $1.47 to $7.99
• Volume: 115,474 shs
• Average Volume: 416,386 shs
• Market Capitalization: $83.14 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Hold

Shimmick Stock Analysis - MarketRank™

Shimmick scored higher than 55% of companies evaluated by MarketBeat, and ranked 164th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Shimmick has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Shimmick has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Shimmick are expected to grow in the coming year, from ($2.48) to ($0.59) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shimmick is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shimmick is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Shimmick has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.35% of the float of Shimmick has been sold short.

Short Interest Ratio / Days to Cover

Shimmick has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shimmick has recently decreased by 34.20%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Shimmick does not currently pay a dividend.

Dividend Growth

Shimmick does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.35% of the float of Shimmick has been sold short.

Short Interest Ratio / Days to Cover

Shimmick has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shimmick has recently decreased by 34.20%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Shimmick has a news sentiment score of 1.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Shimmick this week, compared to 1 article on an average week.

Search Interest

1 people have searched for SHIM on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Shimmick insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,059,500.00 in company stock.

Percentage Held by Insiders

77.00% of the stock of Shimmick is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 6.94% of the stock of Shimmick is held by institutions.

SHIM Stock Analysis - Frequently Asked Questions

How have SHIM shares performed this year?

Shimmick's stock was trading at $6.60 at the start of the year. Since then, SHIM stock has decreased by 62.7% and is now trading at $2.46.
View the best growth stocks for 2024 here.

How were Shimmick's earnings last quarter?

Shimmick Co. (NASDAQ:SHIM) issued its quarterly earnings data on Tuesday, December, 19th. The company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $1.02. The company earned $175.45 million during the quarter, compared to the consensus estimate of $173 million. Shimmick had a negative net margin of 20.16% and a negative trailing twelve-month return on equity of 355.53%.

When did Shimmick IPO?

Shimmick (SHIM) raised $51 million in an IPO on Tuesday, November 14th 2023. The company issued 4,600,000 shares at $10.00-$12.00 per share. Roth Capital Partners served as the underwriter for the IPO and Craig-Hallum Group was co-manager.

Who are Shimmick's major shareholders?

Top institutional investors of Shimmick include Sanders Morris Harris LLC (1.91%), State Street Corp (0.04%) and E&G Advisors LP (0.04%).
View institutional ownership trends.

How do I buy shares of Shimmick?

Shares of SHIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Shimmick own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shimmick investors own include uniQure (QURE), Clean Energy Fuels (CLNE), Grayscale Ethereum Trust (ETH) (ETHE), Paycom Software (PAYC), AbCellera Biologics (ABCL), Centrus Energy (LEU) and Oatly Group (OTLY).

Company Calendar

• Last Earnings: 12/19/2023
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Heavy construction, except building construction - contractors
• Sub-Industry: Construction
• Current Symbol: NASDAQ:SHIM
• Previous Symbol: NASDAQ:SHIM
• CUSIP: N/A
• CIK: 1887944
• Web: www.shimmick.com
• Phone: 510-777-5000
• Fax: N/A
• Employees: 1,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +22.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.92)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,550,000.00
• Net Margins: -20.16%
• Pretax Margin: -20.16%
• Return on Equity: -355.53%
• Return on Assets: -26.15%

Debt

• Debt-to-Equity Ratio: 58.60
• Current Ratio: 0.80
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $514.75 million
• Price / Sales: 0.16
• Cash Flow: $0.91 per share
• Price / Cash Flow: 2.69
• Book Value: $2.77 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 33,797,000
• Free Float: 7,773,000
• Market Cap: $83.14 million
• Optionable: N/A
• Beta: N/A