Shimmick Corp. (NASDAQ:SHIM) traded at $3.58 at last check on Monday, July 22, made a downward move of -11.60% on its previous day’s price.
Looking at the stock we see that its previous close was $4.05. In terms of its 52-week price range, SHIM has a high of $7.99 and a low of $1.47. The company’s stock has gained about 133.99% over that past 30 days.
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Shimmick Corp. has a market cap of $110.59 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.28, with the EPS growth for the year raised at -$1.44 for 2024 and -$0.09 for next year. These figures represent -400.00% and 93.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $124.15 million, with a low of $120 million and a high of $128.3 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $512.05 million, or -19.10% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Looking further, we note the current price level is 84.39% off its SMA20 and 81.01% from its 50-day simple moving average. The RSI (14) is pointing at 74.26 while the volatility over the past week is 24.54% and jumps to 10.79% over the past one month.
Coming back to Shimmick Corp. (NASDAQ:SHIM), we note that the average 3-month trading volume was 1.07 million. Current shares outstanding are 30.89 million.
The insiders hold 0.00% of the company’s shares while institutions hold 7.23%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -45.76% down in year-to-date price movement.
