Shimmick Corp [NASDAQ: SHIM] gained 7.50% on the last trading session, reaching $3.01 price per share at the time.
If compared to the average trading volume of 68.80K shares, SHIM reached a trading volume of 20700311 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Shimmick Corp [SHIM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHIM shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHIM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Shimmick Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 14, 2024. The new note on the price target was released on May 14, 2024, representing the official price target for Shimmick Corp stock. Previously, the target price had yet another raise to $10, while ROTH MKM analysts kept a Buy rating on SHIM stock.
The Average True Range (ATR) for Shimmick Corp is set at 0.31, with the Price to Sales ratio for SHIM stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 89.72, with the Price to Cash per share for the same quarter was set at 0.79.
Trading performance analysis for SHIM stock
Shimmick Corp [SHIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 40.98. With this latest performance, SHIM shares gained by 52.79% in over the last four-week period, additionally plugging by 65.38% over the last 6 months – not to mention a drop of -51.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHIM stock in for the last two-week period is set at 74.82, with the RSI for the last a single of trading hit 84.29, and the three-weeks RSI is set at 66.88 for Shimmick Corp [SHIM]. The present Moving Average for the last 50 days of trading for this stock 2.26, while it was recorded at 2.48 for the last single week of trading, and 3.19 for the last 200 days.
Shimmick Corp [SHIM]: A deeper dive into fundamental analysis
Shimmick Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
