Currently, there are 1.21B common shares owned by the public and among those 1.20B shares have been available to trade.
The company’s stock has a 5-day price change of -0.47% and -12.92% over the past three months. SHOP shares are trading -10.56% year to date (YTD), with the 12-month market performance up to 42.04% higher. It has a 12-month low price of $45.50 and touched a high of $91.57 over the same period. SHOP has an average intraday trading volume of 9.21 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 -6.62%, -9.59%, and 2.34% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 64.83% of the company’s 1.21B shares outstanding.
It has a market capitalization of $89.68B and a beta (3y monthly) value of 2.20. The stock’s trailing 12-month PE ratio is 774.11, while the earnings-per-share (ttm) stands at $0.09. The company has a PEG of 12.93 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 3.22% over the week and 3.09% over the month.
Analysts forecast that Shopify Inc (SHOP) will achieve an EPS of $Seanergy Maritime Holdings Corp for the current quarter, $9.31 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Sunstone Hotel Investors, Inc. while analysts give the company a high EPS estimate of $SHOPIFY INC. Comparatively, EPS for the current quarter was $Safety Shot, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 38.15%, and 36.18% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on April 19, 2024, with the firm’s price target at $74-$85. JMP Securities was of a view on December 18, 2023 that the stock is Mkt Perform, while DZ Bank gave the stock Sell rating on December 12, 2023, issuing a price target of $65. Wedbush on their part issued Neutral rating on December 06, 2023.
