Currently, there are 1.21B common shares owned by the public and among those 1.20B shares have been available to trade.
However, the script later moved the day high at 76.80, up 1.61%. The company’s stock has a 5-day price change of -9.24% and 9.34% over the past three months. SHOP shares are trading -2.13% year to date (YTD), with the 12-month market performance up to 81.39% higher. It has a 12-month low price of $39.02 and touched a high of $91.57 over the same period. SHOP has an average intraday trading volume of 10.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.79%, -3.82%, and 16.54% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 65.05% of the company’s 1.21B shares outstanding.
It has a market capitalization of $97.91B and a beta (3y monthly) value of 2.22. The stock’s trailing 12-month PE ratio is 847.11, while the earnings-per-share (ttm) stands at $0.09. The company has a PEG of 12.64 and a Quick Ratio of 6.94 with the debt-to-equity ratio at 0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.33% over the week and 4.14% over the month.
Analysts forecast that Shopify Inc (SHOP) will achieve an EPS of $0.17 for the current quarter, $0.23 for the next quarter and $1.35 for 2025. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 40.07%, and 34.46% over the next financial year.
Piper Sandler on their part issued Underweight rating on November 28, 2023.
