Roth Mkm Upgrades Shimmick (NASDAQ:SHIM) to “Buy”

Shimmick (NASDAQ:SHIM) was upgraded by equities researchers at Roth Mkm from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a $5.00 price target on the stock. Roth Mkm’s target price indicates a potential upside of 55.76% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a report on Monday, December 29th. Craig Hallum raised shares of Shimmick from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.50.

Shimmick Stock Performance

SHIM opened at $3.21 on Friday. The company has a market capitalization of $114.95 million, a PE ratio of -4.40 and a beta of 0.57. The stock’s fifty day moving average is $3.67 and its 200-day moving average is $3.01. Shimmick has a one year low of $1.30 and a one year high of $4.47.

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

Institutional Investors Weigh In On Shimmick

Institutional investors and hedge funds have recently modified their holdings of the stock. Avanza Fonder AB lifted its holdings in shares of Shimmick by 19.4% during the fourth quarter. Avanza Fonder AB now owns 23,878 shares of the company’s stock valued at $70,000 after purchasing an additional 3,878 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Shimmick by 22.2% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 55,000 shares of the company’s stock valued at $94,000 after purchasing an additional 10,000 shares during the period. Finally, Sanders Morris Harris LLC boosted its position in shares of Shimmick by 8.1% in the 3rd quarter. Sanders Morris Harris LLC now owns 809,667 shares of the company’s stock valued at $2,113,000 after purchasing an additional 60,494 shares during the period. 6.94% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Shimmick

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.