SHIM Should I Buy
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Shimmick Corp (SHIM) is not a strong buy at the moment for a beginner investor with a long-term strategy. While there is potential upside due to analyst upgrades and a significant market opportunity, the lack of recent trading signals, weak financial performance, and absence of immediate catalysts suggest holding off for now.
The technical indicators show a neutral trend. The MACD is below zero and negatively contracting, indicating bearish momentum. RSI is neutral at 61.144, and moving averages are converging. The stock is trading near its pivot level of 3.747, with resistance at 4.079 and support at 3.414.
Craig-Hallum upgraded the stock to Buy with a $6 price target, citing growth in revenue, expanding margins, and a $9B bidding pipeline. There is also a significant $100B+ market opportunity in water and critical infrastructure with tailwinds.
The company's financials show declining revenue (-14.52% YoY) and negative net income, despite some improvement in margins and EPS. No recent news or significant trading trends from hedge funds, insiders, or Congress. The pre-market price is down 1.04%, reflecting weak sentiment.
In Q3 2025, revenue dropped by 14.52% YoY to $141.92M. However, net income improved to -$4.396M (up 181.07% YoY), and EPS increased to -0.12 (up 140% YoY). Gross margin improved to 7.62% (up 3.81% YoY). Overall, financial performance shows mixed results with weak revenue but some operational improvements.
Craig-Hallum upgraded Shimmick to Buy from Hold with a $6 price target, citing improving execution, operational initiatives, and a significant market opportunity. This reflects a positive sentiment from analysts.
