Shopify Inc (SHOP) concluded trading on Thursday at a closing price of $106.10, with 4.1 million shares of worth about $434.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 69.33% during that period and on January 23, 2025 the price saw a loss of about -0.25%. 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 1.78% in past 5 days and over the past one month there was a price change of -0.91%. Year-to-date (YTD), SHOP shares are showing a performance of -0.22% which increased to 32.20% 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 7.59 million. The stock is currently trading -0.51% below its 20-day simple moving average (SMA20), while that difference is down -2.46% for SMA50 and it goes to 33.26% higher than SMA200.
Shopify Inc (NYSE: SHOP) currently have 1.21B outstanding shares and institutions hold larger chunk of about 65.45% of that.
The stock has a current market capitalization of $137.09B and its 3Y-monthly beta is at 2.46. PE ratio of stock for trailing 12 months is 99.83, while it has posted earnings per share of $1.06 in the same period. Its PEG reads 2.78 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 2.26% while standing at 2.92% over the month.
Analysts are in expectations that Shopify Inc (SHOP) stock would likely to be making an EPS of 0.43 in the current quarter, while forecast for next quarter EPS is 0.28 and it is 1.53 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.29 which is 0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 75.14% while it is estimated to increase by 20.74% 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 New Street on January 10, 2025 offering a Neutral rating for the stock and assigned a target price of $115 to it. Coverage by Wedbush stated Shopify Inc (SHOP) stock as an Outperform in their note to investors on January 06, 2025, suggesting a price target of $125 for the stock. Stock get a Buy rating from Redburn Atlantic on September 17, 2024.
