Shimmick (NASDAQ:SHIM) Issues Quarterly Earnings Results

Shimmick (NASDAQ:SHIM) announced its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02), FiscalAI reports. The business had revenue of $100.41 million during the quarter, compared to analyst estimates of $110.90 million.

Shimmick Price Performance

NASDAQ SHIM traded down $0.18 during mid-day trading on Thursday, reaching $2.80. The stock had a trading volume of 95,433 shares, compared to its average volume of 55,151. The company has a fifty day moving average price of $3.67 and a 200 day moving average price of $3.01. Shimmick has a 1 year low of $1.30 and a 1 year high of $4.47. The stock has a market cap of $100.28 million, a PE ratio of -1.57 and a beta of 0.57.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHIM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research note on Monday, December 29th. Craig Hallum upgraded Shimmick from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Monday, January 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.00.

Shimmick Company Profile

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.