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 -4.65% and -8.27% over the past three months. SHOP shares are trading -17.57% year to date (YTD), with the 12-month market performance down to -8.75% lower. 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 10.64 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 -2.22%, 0.92%, and -7.12% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 63.93% of the company’s 1.21B shares outstanding.
It has a market capitalization of $82.75B and a beta (3y monthly) value of 2.28. 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 2.33% over the week and 2.71% over the month.
Earnings per share for the fiscal year are expected to increase by 34.22%, and 30.35% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on June 26, 2024, with the firm’s price target at $95-$96. Evercore ISI coverage for the Shopify Inc (SHOP) stock in a research note released on June 14, 2024 offered a Outperform rating with a price target of $75. JP Morgan was of a view on June 11, 2024 that the stock is Overweight, while MoffettNathanson gave the stock Neutral rating on June 06, 2024, issuing a price target of $74- $65. Goldman on their part issued Buy rating on May 22, 2024.
