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 5.32% and 58.85% over the past three months. SHOP shares are trading 53.39% year to date (YTD), with the 12-month market performance up to 55.55% higher. It has a 12-month low price of $48.56 and touched a high of $120.72 over the same period. SHOP has an average intraday trading volume of 7.46 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 5.96%, 23.20%, and 56.82% respectively.
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Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 65.45% of the company’s 1.21B shares outstanding.
It has a market capitalization of $154.39B and a beta (3y monthly) value of 2.45. The stock’s trailing 12-month PE ratio is 112.43, while the earnings-per-share (ttm) stands at $1.06. The company has a PEG of 2.65 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 2.99% over the week and 3.14% over the month.
Earnings per share for the fiscal year are expected to increase by 74.10%, and 19.75% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. Loop Capital stated their Buy rating for the stock in a research note on December 06, 2024, with the firm’s price target at $110-$140. Redburn Atlantic was of a view on September 17, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Neutral rating on September 05, 2024, issuing a price target of $70. DZ Bank on their part issued Sell rating on August 09, 2024.
