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Shimmick (SHIM) Stock Forecast, Price Target & Predictions

OverviewRevenueFinancialsChart

SHIM Stock Forecast

Shimmick stock forecast is as follows: an average price target of $3.75 (represents a 26.26% upside from SHIM’s last price of $2.97) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.

SHIM Price Target

The average price target for Shimmick (SHIM) is $3.75 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $4.00 to $3.50. This represents a potential 26.26% upside from SHIM's last price of $2.97.

SHIM Analyst Ratings

Hold

According to 1 Wall Street analysts, Shimmick's rating consensus is 'Hold'. The analyst rating breakdown for SHIM stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Shimmick Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 14, 2024Gerry SweeneyRoth Capital$3.50$3.64-3.85%17.85%
May 14, 2024Aaron SpychallaCraig-Hallum$4.00$3.649.89%34.68%

The latest Shimmick stock forecast, released on May 14, 2024 by Gerry Sweeney from Roth Capital, set a price target of $3.50, which represents a -3.85% decrease from the stock price at the time of the forecast ($3.64), and a 17.85% increase from SHIM last price ($2.97).

Shimmick Price Target by Period

1M3M12M
# Anlaysts--2
Avg Price Target--$3.75
Last Closing Price$2.97$2.97$2.97
Upside/Downside-100.00%-100.00%26.26%

In the current month, the average price target of Shimmick stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Shimmick's last price of $2.97. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Aug 19, 2024Craig-HallumHoldHoldHold
May 14, 2024Craig-HallumHoldDowngrade

Shimmick's last stock rating was published by Craig-Hallum on Aug 19, 2024. The company gave SHIM a "Hold" rating, the same as its previous rate.

Shimmick Financial Forecast

Shimmick Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
Revenue---------$175.45M
Avg Forecast$130.00M$129.55M$118.60M$111.75M$118.90M$120.05M$124.15M$125.90M$158.50M$173.30M
High Forecast$130.81M$130.36M$119.34M$112.45M$119.64M$120.80M$124.93M$126.69M$159.49M$174.38M
Low Forecast$129.19M$128.74M$117.86M$111.05M$118.16M$119.30M$123.37M$125.11M$157.51M$172.22M
# Analysts1111111111
Surprise %---------1.01%

Shimmick's average Quarter revenue forecast for Dec 23 based on 1 analysts is $158.50M, with a low forecast of $157.51M, and a high forecast of $159.49M. SHIM's average Quarter revenue forecast represents a -9.66% decrease compared to the company's last Quarter revenue of $175.45M (Sep 23).

Shimmick EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111
EBITDA---------$-22.44M
Avg Forecast$-18.21M$-18.15M$-16.61M$-15.65M$-16.65M$-16.82M$-17.39M$-17.64M$-22.20M$-24.28M
High Forecast$-18.10M$-18.03M$-16.51M$-15.56M$-16.55M$-16.71M$-17.28M$-17.53M$-22.06M$-24.12M
Low Forecast$-18.32M$-18.26M$-16.72M$-15.75M$-16.76M$-16.92M$-17.50M$-17.75M$-22.34M$-24.43M
Surprise %---------0.92%

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Shimmick Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111
Net Income---------$34.57M
Avg Forecast$-1.12M$140.43K$-3.37M$-7.30M$-9.97M$-3.51M$-8.00M$-9.41M$-2.11M$12.22M
High Forecast$-1.11M$141.57K$-3.34M$-7.24M$-9.89M$-3.48M$-7.94M$-9.33M$-2.09M$12.32M
Low Forecast$-1.13M$139.29K$-3.40M$-7.36M$-10.05M$-3.54M$-8.07M$-9.49M$-2.12M$12.12M
Surprise %---------2.83%

Shimmick's average Quarter net income forecast for Dec 23 is $-2.11M, with a range of $-2.12M to $-2.09M. SHIM's average Quarter net income forecast represents a -106.09% decrease compared to the company's last Quarter net income of $34.57M (Sep 23).

Shimmick SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111
SG&A---------$13.36M
Avg Forecast$14.02M$13.97M$12.79M$12.05M$12.82M$12.95M$13.39M$13.58M$17.10M$18.69M
High Forecast$14.11M$14.06M$12.87M$12.13M$12.90M$13.03M$13.47M$13.66M$17.20M$18.81M
Low Forecast$13.93M$13.89M$12.71M$11.98M$12.74M$12.87M$13.31M$13.49M$16.99M$18.57M
Surprise %---------0.71%

Shimmick's average Quarter SG&A projection for Dec 23 is $17.10M, based on 1 Wall Street analysts, with a range of $16.99M to $17.20M. The forecast indicates a 27.92% rise compared to SHIM last annual SG&A of $13.36M (Sep 23).

Shimmick EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111
EPS---------$1.36
Avg Forecast$-0.04$0.01$-0.12$-0.26$-0.35$-0.13$-0.28$-0.34$-0.07$0.43
High Forecast$-0.04$0.01$-0.12$-0.26$-0.35$-0.12$-0.28$-0.33$-0.07$0.44
Low Forecast$-0.04-$-0.12$-0.26$-0.36$-0.13$-0.29$-0.34$-0.08$0.43
Surprise %---------3.13%

According to 1 Wall Street analysts, Shimmick's projected average Quarter EPS for Dec 23 is $-0.07, with a low estimate of $-0.08 and a high estimate of $-0.07. This represents a -105.51% decrease compared to SHIM previous annual EPS of $1.36 (Sep 23).

SHIM Forecast FAQ

Is Shimmick a good buy?

No, according to 1 Wall Street analysts, Shimmick (SHIM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of SHIM's total ratings.

What is SHIM's price target?

Shimmick (SHIM) average price target is $3.75 with a range of $3.5 to $4, implying a 26.26% from its last price of $2.97. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Shimmick stock go up soon?

According to Wall Street analysts' prediction for SHIM stock, the company can go up by 26.26% (from the last price of $2.97 to the average price target of $3.75), up by 34.68% based on the highest stock price target, and up by 17.85% based on the lowest stock price target.

Can Shimmick stock reach $4?

SHIM's average twelve months analyst stock price target of $3.75 does not support the claim that Shimmick can reach $4 in the near future.

What are Shimmick's analysts' financial forecasts?

Shimmick's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $489M (high $492.06M, low $485.94M), average EBITDA is $-68.497M (high $-68.068M, low $-68.926M), average net income is $-30.895M (high $-30.643M, low $-31.146M), average SG&A $52.74M (high $53.07M, low $52.41M), and average EPS is $-1.1 (high $-1.091, low $-1.109). SHIM's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $489.9M (high $492.97M, low $486.83M), average EBITDA is $-68.623M (high $-68.193M, low $-69.052M), average net income is $-11.656M (high $-11.558M, low $-11.753M), average SG&A $52.84M (high $53.17M, low $52.51M), and average EPS is $-0.415 (high $-0.412, low $-0.418).

Did the SHIM's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (Sep 2023), Shimmick's revenue was $175.45M, beating the average analysts' forecast of $173.3M by 1.24%. The company's EBITDA was $-22.442M, missing the average prediction of $-24.275M by -7.55%. Shimmick's net income was $34.57M, beating the average estimation of $12.22M by 182.93%. The company's SG&A was $13.36M, missing the average forecast of $18.69M by -28.50%. Lastly, the company's EPS was $1.36, beating the average prediction of $0.435 by 212.64%