Shimmick (NASDAQ:SHIM) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Shimmick (NASDAQ:SHIM) from a hold rating to a sell rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.50.

Shimmick Price Performance

Shares of SHIM stock opened at $4.20 on Friday. The company has a market capitalization of $154.14 million, a P/E ratio of -7.24 and a beta of 0.79. The company’s 50-day simple moving average is $3.86 and its two-hundred day simple moving average is $4.00. Shimmick has a one year low of $1.83 and a one year high of $6.76.

Shimmick (NASDAQ:SHIM) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $106.62 million during the quarter, compared to analysts’ expectations of $121.85 million. On average, research analysts expect that Shimmick will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Shimmick

A number of hedge funds and other institutional investors have recently modified their holdings of SHIM. BlackRock Inc. bought a new position in Shimmick in the second quarter worth approximately $1,048,000. Sei Investments Co. boosted its position in Shimmick by 896.8% during the 1st quarter. Sei Investments Co. now owns 246,816 shares of the company’s stock valued at $906,000 after acquiring an additional 222,055 shares in the last quarter. Walleye Capital LLC bought a new stake in Shimmick during the 2nd quarter valued at $578,000. 1492 Capital Management LLC increased its holdings in shares of Shimmick by 46.0% in the 1st quarter. 1492 Capital Management LLC now owns 149,812 shares of the company’s stock valued at $550,000 after acquiring an additional 47,180 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Shimmick in the 1st quarter valued at $131,000. 6.94% of the stock is currently owned by institutional investors.

Trending Headlines about Shimmick

Here are the key news stories impacting Shimmick this week:

• Positive Sentiment: Shimmick reported a second-quarter loss of $0.01 per share, better than the $0.02 loss analysts expected and substantially improved from the $0.14 loss recorded a year earlier. Shimmick Reports Q2 Loss, Misses Revenue Estimates
• Positive Sentiment: The company issued 2026 revenue guidance of $525 million to $575 million, above the roughly $520.2 million analyst consensus. Management also highlighted growth in revenue and backlog, supporting its strategy to expand into mission-critical infrastructure work. Shimmick Forecasts 2026 Revenue While Building Mission-Critical Unit
• Neutral Sentiment: On the earnings call, management discussed its ongoing efforts to build a mission-critical business unit and execute on its broader growth strategy. The long-term opportunity could improve backlog quality and diversification, but investors will look for evidence that these initiatives translate into stronger margins and cash flow. Shimmick Q2 FY2026 Earnings Call Transcript
• Negative Sentiment: Second-quarter revenue was $106.62 million, well below the $121.85 million consensus estimate. Although the EPS result exceeded expectations, the top-line shortfall may raise concerns about project timing, execution and the pace of backlog conversion. Shimmick Announces Second Quarter 2026 Results

About Shimmick

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.