Shimmick Corporation (NASDAQ:SHIM - Free Report) - Stock analysts at Craig Hallum issued their Q1 2026 earnings per share estimates for shares of Shimmick in a research report issued to clients and investors on Wednesday, May 6th. Craig Hallum analyst A. Spychalla forecasts that the company will post earnings of ($0.13) per share for the quarter. The consensus estimate for Shimmick's current full-year earnings is ($0.02) per share.
A number of other brokerages have also issued reports on SHIM. Roth Mkm upgraded Shimmick from a "neutral" rating to a "buy" rating and set a $5.00 price target for the company in a research report on Friday, March 13th. Wall Street Zen upgraded Shimmick to a "hold" rating in a report on Saturday, April 25th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Shimmick in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Shimmick currently has a consensus rating of "Hold" and a consensus target price of $5.50.
Read Our Latest Stock Report on SHIM
Shimmick Stock Performance
Shares of SHIM stock opened at $5.76 on Monday. Shimmick has a 1 year low of $1.37 and a 1 year high of $6.76. The stock has a fifty day moving average of $4.12 and a two-hundred day moving average of $3.40. The firm has a market capitalization of $209.09 million, a PE ratio of -7.89 and a beta of 1.27.
Insider Buying and Selling at Shimmick
In other news, Director Mitchell B. Goldsteen sold 125,000 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $2.86, for a total value of $357,500.00. Following the completion of the sale, the director owned 20,974,873 shares in the company, valued at $59,988,136.78. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 77.00% of the stock is currently owned by company insiders.
Institutional Trading of Shimmick
Several institutional investors have recently modified their holdings of the company. Avanza Fonder AB lifted its holdings in shares of Shimmick by 19.4% in the fourth quarter. Avanza Fonder AB now owns 23,878 shares of the company's stock valued at $70,000 after buying an additional 3,878 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Shimmick by 13.4% during the fourth quarter. Thompson Davis & CO. Inc. now owns 124,722 shares of the company's stock valued at $364,000 after purchasing an additional 14,722 shares during the last quarter. Finally, 1492 Capital Management LLC lifted its holdings in shares of Shimmick by 46.0% during the first quarter. 1492 Capital Management LLC now owns 149,812 shares of the company's stock valued at $550,000 after purchasing an additional 47,180 shares during the last quarter. Institutional investors and hedge funds own 6.94% of the company's stock.
About Shimmick
(
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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.
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