Shimmick (NASDAQ:SHIM) Rating Increased to Buy at Roth Mkm

Roth Mkm upgraded shares of Shimmick (NASDAQ:SHIM) from a neutral rating to a buy rating in a report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $5.00 target price on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Shimmick in a report on Monday, December 29th. Craig Hallum raised 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. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Shimmick currently has an average rating of “Hold” and a consensus target price of $5.50.

Shimmick Trading Up 14.6%

Shares of NASDAQ:SHIM opened at $3.21 on Friday. The company has a 50 day moving average of $3.67 and a 200 day moving average of $3.01. The stock has a market cap of $114.95 million, a P/E ratio of -4.40 and a beta of 0.57. Shimmick has a 12 month low of $1.30 and a 12 month high of $4.47.

Shimmick (NASDAQ:SHIM) last posted its earnings results on Thursday, March 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $100.41 million for the quarter, compared to analyst estimates of $110.90 million. On average, equities analysts forecast that Shimmick will post -2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shimmick

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Avanza Fonder AB increased its holdings in shares of Shimmick by 19.4% in the 4th quarter. Avanza Fonder AB now owns 23,878 shares of the company’s stock worth $70,000 after buying an additional 3,878 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of Shimmick by 22.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 55,000 shares of the company’s stock worth $94,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Sanders Morris Harris LLC grew its position in Shimmick by 8.1% in the third quarter. Sanders Morris Harris LLC now owns 809,667 shares of the company’s stock worth $2,113,000 after acquiring an additional 60,494 shares in the last quarter. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Key Shimmick News

Here are the key news stories impacting Shimmick this week:

• Positive Sentiment: Roth MKM upgraded SHIM from “neutral” to “buy” with a $5.00 price target (implies ~52% upside from recent levels), signaling institutional support that likely pushed buyer interest. Finviz – Roth MKM upgrade
• Positive Sentiment: Company raised FY2026 revenue guidance to $550M–$600M, above consensus (~$526.9M), giving investors a clearer path to top-line improvement and supporting higher valuation expectations. MarketBeat – Guidance
• Positive Sentiment: Management outlined stabilized backlog and targets for 12%–22% revenue growth and $15M–$30M of EBITDA in 2026, which materially improves the company’s medium-term profitability outlook. Seeking Alpha – Growth & EBITDA targets
• Neutral Sentiment: Earnings call and slide materials emphasized “strong project revenue growth” and provided detail on backlog composition — useful for modeling but not an immediate cash catalyst. Yahoo – Call highlights
• Neutral Sentiment: Full transcripts and the company press release/slide deck are available for deeper review; they clarify assumptions behind guidance but require modeling to quantify impact. Seeking Alpha – Transcript Slide Deck
• Negative Sentiment: Q4 reported EPS of ($0.07) and revenue of $100.41M missed consensus (EPS -$0.05; revenue ~$110.9M), a near-term earnings disappointment that explains some selling pressure before the recovery. GlobeNewswire – Q4 results

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.