Currently, there are 1.29B 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 17.66% and 41.42% over the past three months. SHOP shares are trading 35.92% year to date (YTD), with the 12-month market performance up to 57.37% higher. It has a 12-month low price of $48.56 and touched a high of $115.62 over the same period. SHOP has an average intraday trading volume of 6.80 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 19.80%, 27.97%, and 45.17% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 65.49% of the company’s 1.29B shares outstanding.
It has a market capitalization of $191.73B and a beta (3y monthly) value of 2.40. The stock’s trailing 12-month PE ratio is 99.62, while the earnings-per-share (ttm) stands at $1.06. The company has a PEG of 2.26 and a Quick Ratio of 7.10 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.84% over the week and 3.35% over the month.
Analysts forecast that Shopify Inc (SHOP) will achieve an EPS of 0.43 for the current quarter, 0.27 for the next quarter and 1.5 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.29 while analysts give the company a high EPS estimate of 0.29. Comparatively, EPS for the current quarter was 0.34 a year ago. Earnings per share for the fiscal year are expected to increase by 71.48%, and 19.89% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. Redburn Atlantic stated their Buy rating for the stock in a research note on September 17, 2024, with the firm’s price target at $99. Cantor Fitzgerald coverage for the Shopify Inc (SHOP) stock in a research note released on September 05, 2024 offered a Neutral rating with a price target of $70. DZ Bank was of a view on August 09, 2024 that the stock is Sell, while KeyBanc Capital Markets gave the stock Overweight rating on July 25, 2024, issuing a price target of $80. BofA Securities on their part issued Buy rating on July 16, 2024.
