Shopify Inc (SHOP) concluded trading on Tuesday at a closing price of $106.33, with 3.76 million shares of worth about $400.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.96% during that period and on December 31, 2024 the price saw a loss of about -0.34%. Currently the company’s common shares owned by public are about 1.21B shares, out of which, 1.21B shares are available for trading.
Stock saw a price change of -2.67% in past 5 days and over the past one month there was a price change of -8.02%. Year-to-date (YTD), SHOP shares are showing a performance of 36.50% which increased to 36.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.56 but also hit the highest price of $120.72 during that period. The average intraday trading volume for Shopify Inc shares is 7.37 million. The stock is currently trading -5.30% below its 20-day simple moving average (SMA20), while that difference is up 4.61% for SMA50 and it goes to 36.92% higher than SMA200.
Shopify Inc (NYSE: SHOP) currently have 1.21B outstanding shares and institutions hold larger chunk of about 65.46% of that.
The stock has a current market capitalization of $137.39B and its 3Y-monthly beta is at 2.46. PE ratio of stock for trailing 12 months is 100.05, while it has posted earnings per share of $1.06 in the same period. Its PEG reads 2.36 and has Quick Ratio of 7.10 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SHOP, volatility over the week remained 2.13% while standing at 3.43% over the month.
Stock’s fiscal year EPS is expected to rise by 74.09% while it is estimated to increase by 20.12% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on December 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $110 and $140 to it. On September 17, 2024, Redburn Atlantic Upgrade their recommendations, while on September 05, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $70. Stock get a Sell rating from DZ Bank on August 09, 2024.
