Currently, there are 1.21B common shares owned by the public and among those 1.21B shares have been available to trade.
The company’s stock has a 5-day price change of -4.95% and -18.31% over the past three months. SHOP shares are trading -17.45% year to date (YTD), with the 12-month market performance up to 1.31% 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 10.56 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 3.90%, -1.02%, and -6.46% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 63.97% of the company’s 1.21B shares outstanding.
It has a market capitalization of $82.88B and a beta (3y monthly) value of 2.29. The earnings-per-share (ttm) stands at -$0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.33% over the week and 2.85% over the month.
Earnings per share for the fiscal year are expected to increase by 34.28%, and 30.23% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on June 14, 2024, with the firm’s price target at $75. JP Morgan coverage for the Shopify Inc (SHOP) stock in a research note released on June 11, 2024 offered a Overweight rating with a price target of $74. MoffettNathanson was of a view on June 06, 2024 that the stock is Neutral, while Goldman gave the stock Buy rating on May 22, 2024, issuing a price target of $67- $74. Piper Sandler on their part issued Neutral rating on May 09, 2024.
