Shimmick Common Stock Price on September 27, 2024
| SHIM Stock | 2.35 0.18 8.29% |
If you're considering investing in Shimmick Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shimmick Common stands at 2.35, as last reported on the 29th of November, with the highest price reaching 2.50 and the lowest price hitting 2.11 during the day. Shimmick Common owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0887, which indicates the firm had a -0.0887% return per unit of risk over the last 3 months. Shimmick Common exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shimmick Common's Variance of 28.81, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,544) to confirm the risk estimate we provide.
As of the 29th of November 2024, Other Stockholder Equity is likely to grow to about 25.7 M, while Total Stockholder Equity is likely to drop about 62.5 M. . At this time, Shimmick Common's Price To Sales Ratio is very stable compared to the past year. As of the 29th of November 2024, Price Earnings Ratio is likely to grow to 52.40, though Price Earnings To Growth Ratio is likely to grow to (0.40). Shimmick Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shimmick |
Sharpe Ratio = -0.0887
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| Negative Returns | SHIM |
Estimated Market Risk
| 4.87 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shimmick Common is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shimmick Common by adding Shimmick Common to a well-diversified portfolio.
Price Book 64.6381 | Price Sales 0.1396 | Shares Float 2.8 M | Wall Street Target Price 3 | Earnings Share (3.08) |
Shimmick Common Valuation on September 27, 2024
It is possible to determine the worth of Shimmick Common on a given historical date. On September 27, 2024 Shimmick was worth 2.52 at the beginning of the trading date compared to the closed value of 2.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shimmick Common stock. Still, in general, we apply an absolute valuation method to find Shimmick Common's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shimmick Common where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shimmick Common's related companies.
| Open | High | Low | Close | Volume | |
| 2.51 | 2.51 | 2.30 | 2.39 | 25,596 | |
09/27/2024 | 2.52 | 2.52 | 2.39 | 2.51 | 7,769 |
| 2.46 | 2.53 | 2.46 | 2.47 | 15,026 |
| Backtest Shimmick Common | | | Shimmick Common History | | | Shimmick Common Valuation | Previous | Next |
Shimmick Common Trading Date Momentum on September 27, 2024
| On September 30 2024 Shimmick Common was traded for 2.47 at the closing time. The top price for the day was 2.53 and the lowest listed price was 2.46 . The trading volume for the day was 15 K. The trading history from September 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.59% . The trading price change against the current closing price is 1.20% . |
Shimmick Common Fundamentals Correlations and Trends
By evaluating Shimmick Common's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shimmick Common's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shimmick financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shimmick Common Stock history
Shimmick Common investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shimmick is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shimmick Common will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shimmick Common stock prices may prove useful in developing a viable investing in Shimmick Common
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 22.4 M | 20.1 M |
Shimmick Common Stock Technical Analysis
Shimmick Common technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shimmick Common Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Shimmick Common cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shimmick Common November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Shimmick Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shimmick Common shares will generate the highest return on investment. By undertsting and applying Shimmick Common stock market strength indicators, traders can identify Shimmick Common entry and exit signals to maximize returns
Shimmick Common Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shimmick Common's price direction in advance. Along with the technical and fundamental analysis of Shimmick Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shimmick to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (1.36) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shimmick Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Shimmick Stock, please use our How to Invest in Shimmick Common guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shimmick Common. If investors know Shimmick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shimmick Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share 21.127 | Quarterly Revenue Growth (0.42) | Return On Assets (0.15) | Return On Equity (4.02) |
The market value of Shimmick Common is measured differently than its book value, which is the value of Shimmick that is recorded on the company's balance sheet. Investors also form their own opinion of Shimmick Common's value that differs from its market value or its book value, called intrinsic value, which is Shimmick Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shimmick Common's market value can be influenced by many factors that don't directly affect Shimmick Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shimmick Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shimmick Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shimmick Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.