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The closing price of Shimmick Corp (NASDAQ: SHIM) was $2.16 for the day, up 3.10% from the previous closing price of $2.10. In other words, the price has increased by $3.10 from its previous closing price. On the day, 0.33 million shares were traded. SHIM stock price reached its highest trading level at $2.18 during the session, while it also had its lowest trading level at $2.08.
Ratios:
Our analysis of SHIM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 56.47 whereas as Long-Term Debt/Eq ratio is at 50.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on May 14, 2024, Downgraded its rating to Neutral and sets its target price to $3.50 from $9 previously.
On December 11, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $10.ROTH MKM initiated its Buy rating on December 11, 2023, with a $10 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 22 ’24 when Herron J Brendan bought 10,000 shares for $3.05 per share. The transaction valued at 30,500 led to the insider holds 68,880 shares of the business.
Herron J Brendan bought 4,371 shares of SHIM for $13,069 on Aug 21 ’24. The Director now owns 58,880 shares after completing the transaction at $2.99 per share. On Aug 23 ’24, another insider, Herron J Brendan, who serves as the Director of the company, bought 2,629 shares for $3.16 each. As a result, the insider paid 8,308 and bolstered with 71,509 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SHIM now has a Market Capitalization of 73170288 and an Enterprise Value of 134975296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 64.53. Its current Enterprise Value per Revenue stands at 0.258 whereas that against EBITDA is -1.713.
Stock Price History:
Over the past 52 weeks, SHIM has reached a high of $7.99, while it has fallen to a 52-week low of $1.47. The 50-Day Moving Average of the stock is -4.59%, while the 200-Day Moving Average is calculated to be -33.24%.
Shares Statistics:
SHIM traded an average of 30.64K shares per day over the past three months and 33650 shares per day over the past ten days. A total of 25.49M shares are outstanding, with a floating share count of 2.84M. Insiders hold about 91.58% of the company’s shares, while institutions hold 7.12% stake in the company. Shares short for SHIM as of 1730332800 were 42111 with a Short Ratio of 2.13, compared to 1727654400 on 39809. Therefore, it implies a Short% of Shares Outstanding of 42111 and a Short% of Float of 0.9299999999999999.
