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: $2.04 to $2.25
• 50-Day Range: $1.75 to $2.95
• 52-Week Range: $1.47 to $7.99
• Volume: 35,646 shs
• Average Volume: 58,519 shs
• Market Capitalization: $70.97 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 41% of companies evaluated by MarketBeat, and ranked 203rd out of 323 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: 3.0 / 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: 0.6 / 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 -0.54, 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 -0.54, 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 70.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.49% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shimmick has recently increased by 13.48%, indicating that investor sentiment is decreasing 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

1.49% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shimmick has recently increased by 13.48%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Shimmick insiders have not sold or bought any 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 on January 1st, 2024. Since then, SHIM stock has decreased by 68.2% and is now trading at $2.10.
View the best growth stocks for 2024 here.

How were Shimmick's earnings last quarter?

Shimmick Co. (NASDAQ:SHIM) issued its quarterly earnings results 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 had revenue of $175.45 million for the quarter, compared to analysts' expectations of $173 million. Shimmick had a negative trailing twelve-month return on equity of 355.53% and a negative net margin of 20.16%.

When did Shimmick IPO?

Shimmick (SHIM) raised $51 million in an initial public offering on Tuesday, November 14th 2023. The company issued 4,600,000 shares at a price of $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 shareholders of Shimmick include Sanders Morris Harris LLC (1.91%), State Street Corp (0.04%) and E&G Advisors LP (0.04%).

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: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/27/2025

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: +42.9%
• 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: 0.14
• Cash Flow: $1.01 per share
• Price / Cash Flow: 2.08
• Book Value: $0.03 per share
• Price / Book: 70.00

Miscellaneous

• Outstanding Shares: 33,797,000
• Free Float: 7,773,000
• Market Cap: $70.97 million
• Optionable: N/A
• Beta: N/A